First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

First Trust Innovation Leaders ETF (NYSEARCA:ILDR)’s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $36.03 and traded as high as $36.46. First Trust Innovation Leaders ETF shares last traded at $36.06, with a volume of 41,759 shares traded.

First Trust Innovation Leaders ETF Stock Performance

The stock has a market capitalization of $335.36 million, a price-to-earnings ratio of 39.35 and a beta of 1.33. The company has a fifty day simple moving average of $38.27 and a two-hundred day simple moving average of $36.03.

Hedge Funds Weigh In On First Trust Innovation Leaders ETF

A number of institutional investors have recently modified their holdings of the business. Cetera Investment Advisers boosted its stake in First Trust Innovation Leaders ETF by 142.1% in the first quarter. Cetera Investment Advisers now owns 272,975 shares of the company’s stock valued at $8,129,000 after buying an additional 160,204 shares in the last quarter. Assetmark Inc. raised its stake in First Trust Innovation Leaders ETF by 15.3% during the first quarter. Assetmark Inc. now owns 233,218 shares of the company’s stock worth $6,945,000 after acquiring an additional 30,989 shares in the last quarter. HBW Advisory Services LLC lifted its holdings in shares of First Trust Innovation Leaders ETF by 34.4% in the third quarter. HBW Advisory Services LLC now owns 230,259 shares of the company’s stock worth $9,095,000 after acquiring an additional 58,943 shares during the last quarter. Maia Wealth LLC lifted its holdings in shares of First Trust Innovation Leaders ETF by 38.3% in the third quarter. Maia Wealth LLC now owns 153,281 shares of the company’s stock worth $6,055,000 after acquiring an additional 42,452 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of First Trust Innovation Leaders ETF by 20.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 151,990 shares of the company’s stock valued at $5,965,000 after purchasing an additional 25,948 shares in the last quarter.

About First Trust Innovation Leaders ETF

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.