First Trust Innovation Leaders ETF (NYSEARCA:ILDR) Share Price Breaks Below 200-Day Moving Average – What’s Next?

First Trust Innovation Leaders ETF (NYSEARCA:ILDR – Get Free Report) shares passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $35.97 and traded as low as $35.26. First Trust Innovation Leaders ETF shares last traded at $35.27, with a volume of 64,235 shares changing hands.

First Trust Innovation Leaders ETF Stock Performance

The firm has a fifty day simple moving average of $38.77 and a 200-day simple moving average of $35.97. The firm has a market cap of $326.25 million, a price-to-earnings ratio of 39.35 and a beta of 1.30.

Hedge Funds Weigh In On First Trust Innovation Leaders ETF

Several large investors have recently modified their holdings of the stock. Balance Wealth Partners LLC acquired a new position in First Trust Innovation Leaders ETF in the 3rd quarter valued at about $36,000. Integrated Wealth Concepts LLC bought a new position in First Trust Innovation Leaders ETF in the 2nd quarter valued at about $52,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in First Trust Innovation Leaders ETF in the 3rd quarter valued at about $54,000. Fifth Third Bancorp lifted its position in First Trust Innovation Leaders ETF by 690.2% during the first quarter. Fifth Third Bancorp now owns 5,152 shares of the company’s stock worth $153,000 after acquiring an additional 4,500 shares during the last quarter. Finally, WealthPlan Investment Management LLC acquired a new stake in First Trust Innovation Leaders ETF during the third quarter worth approximately $201,000.

About First Trust Innovation Leaders ETF

(Get Free Report)

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.

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