First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

First Trust Innovation Leaders ETF (NYSEARCA:ILDR)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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.

First Trust Innovation Leaders ETF Stock Performance

The firm’s fifty day simple moving average is $25.47 and its 200 day simple moving average is $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 hedge funds and other institutional investors have recently modified their holdings of the business. HBW Advisory Services LLC bought a new stake in shares of First Trust Innovation Leaders ETF during the 3rd quarter worth $6,181,000. Cetera Advisors LLC bought a new position in shares of First Trust Innovation Leaders ETF in the first quarter worth about $1,196,000. Jane Street Group LLC bought a new position in shares of First Trust Innovation Leaders ETF in the third quarter worth about $1,043,000. Harbour Investments Inc. boosted its stake in shares of First Trust Innovation Leaders ETF by 21,880.0% in the 3rd quarter. Harbour Investments Inc. now owns 32,970 shares of the company’s stock valued at $803,000 after purchasing an additional 32,820 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in First Trust Innovation Leaders ETF during the 3rd quarter worth approximately $253,000.

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.