Farther Finance Advisors LLC grew its position in First Trust Innovation Leaders ETF (NYSEARCA:ILDR) by 4,951.7% during the undefined quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,937 shares of the company's stock after purchasing an additional 32,285 shares during the period. Farther Finance Advisors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 120,237 | $3.48M | $4.54M | $1.06M | 30.53% |
Loni Adams Daymark Wealth Partners LLC | 38,061 | $1.16M | $1.43M | $279,012.52 | 24.15% |
| ST Steven Trigili Garden State Investment Advisory Services LLC | 32,010 | $991,938.92 | $1.21M | $214,517.98 | 21.63% |
Christopher C. Powers Farther Finance Advisors, LLC | 78,727 | $2.47M | $2.9M | $428,569.29 | 17.32% |
Kevin Bresler TD Waterhouse Canada Inc. | 4,536 | $137,771.81 | $170,961.84 | $33,190.03 | 24.09% |
| ARCA Exchange | US Country |
The fund is designed for investors looking to capitalize on the potential of scientific and technological innovations. By investing primarily in common stock and depository receipts of U.S. and non-U.S. companies, the fund seeks to benefit from advancements across the global technology landscape. With a focus on the information technology sector, the fund's investment strategy emphasizes areas of technological innovation likely to experience significant growth. This concentration in the technology sector, and potentially within specific industries within this sector, indicates a targeted approach to investment. Operating as a non-diverse fund, it places significant assets into specific areas rather than spreading investments broadly across many sectors or industries, potentially increasing both risk and reward for investors.
Invests in common stocks of companies that are positioned to benefit from scientific and technological advancements. These investments span both U.S. and international markets, offering exposure to a broad spectrum of innovation-driven growth opportunities.
Includes investments in depository receipts, which allow the fund to own shares in foreign companies, thereby gaining exposure to technological innovations around the globe. This diversifies the fund's portfolio beyond the U.S. market, leveraging growth in international tech sectors.
The fund's investments are highly concentrated in the information technology sector. This focus targets the dynamic and fast-growing area of the market, where technological innovation can lead to significant investment returns. However, this concentration also means a higher risk due to the volatility associated with the tech sector.
As a non-diversified fund, it commits a larger portion of its assets to fewer investments. This approach can lead to higher gains if those investments perform well but also poses a greater risk if they do not, as the fund's performance is more tied to the fortunes of a limited number of holdings.