First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Shares Pass Above Fifty Day Moving Average – Here’s Why

First Trust Innovation Leaders ETF (NYSEARCA:ILDR) shares passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $25.37 and traded as high as $27.10. First Trust Innovation Leaders ETF shares last traded at $26.88, with a volume of 7,031 shares trading hands.

First Trust Innovation Leaders ETF Price Performance

The company has a 50 day simple moving average of $25.47 and a 200-day simple moving average of $23.91. The stock has a market capitalization of $35.26 million, a P/E ratio of 40.61 and a beta of 1.41.

Hedge Funds Weigh In On First Trust Innovation Leaders ETF

Several large investors have recently modified their holdings of ILDR. Sanctuary Advisors LLC bought a new position in First Trust Innovation Leaders ETF in the 3rd quarter worth approximately $253,000. Jane Street Group LLC purchased a new stake in shares of First Trust Innovation Leaders ETF during the third quarter worth $1,043,000. Harbour Investments Inc. boosted its holdings in shares of First Trust Innovation Leaders ETF by 21,880.0% in the third quarter. Harbour Investments Inc. now owns 32,970 shares of the company’s stock worth $803,000 after acquiring an additional 32,820 shares during the period. Creative Financial Designs Inc. ADV grew its position in shares of First Trust Innovation Leaders ETF by 4.0% in the third quarter. Creative Financial Designs Inc. ADV now owns 49,798 shares of the company’s stock valued at $1,213,000 after purchasing an additional 1,899 shares in the last quarter. Finally, HBW Advisory Services LLC bought a new stake in shares of First Trust Innovation Leaders ETF during the 3rd quarter valued at $6,181,000.

First Trust Innovation Leaders ETF Company Profile

The First Trust Innovation Leaders ETF (ILDR) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund is an actively managed fund that seeks capital appreciation by targeting global companies believed to benefit from scientific and technological innovation. ILDR was launched on May 25, 2021 and is managed by First Trust.