Innovator Defined Wealth Shield ETF (BATS:BALT) Reaches New 1-Year High – Should You Buy?

by · The Markets Daily

Innovator Defined Wealth Shield ETF (BATS:BALT – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $34.85 and last traded at $34.7550, with a volume of 29880 shares trading hands. The stock had previously closed at $34.78.

Innovator Defined Wealth Shield ETF Price Performance

The business’s 50-day simple moving average is $34.55 and its two-hundred day simple moving average is $34.12. The stock has a market cap of $1.61 billion, a price-to-earnings ratio of 24.42 and a beta of 0.14.

Institutional Investors Weigh In On Innovator Defined Wealth Shield ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. Capital Analysts LLC increased its stake in Innovator Defined Wealth Shield ETF by 11.4% in the second quarter. Capital Analysts LLC now owns 48,331 shares of the company’s stock valued at $1,656,000 after purchasing an additional 4,937 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Innovator Defined Wealth Shield ETF in the second quarter valued at approximately $286,000. NewEdge Advisors LLC grew its stake in Innovator Defined Wealth Shield ETF by 42.8% in the second quarter. NewEdge Advisors LLC now owns 716,670 shares of the company’s stock valued at $24,560,000 after acquiring an additional 214,836 shares during the period. Allworth Financial LP increased its holdings in shares of Innovator Defined Wealth Shield ETF by 1.3% during the second quarter. Allworth Financial LP now owns 31,407 shares of the company’s stock valued at $1,076,000 after acquiring an additional 403 shares in the last quarter. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Innovator Defined Wealth Shield ETF during the second quarter worth approximately $597,000.

Innovator Defined Wealth Shield ETF Company Profile

(Get Free Report)

The Innovator Defined Wealth Shield ETF (BALT) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for specific buffered losses and capped gains on the SPDR S&P 500 ETF over a three-month outcome period. The actively managed fund holds flex options. BALT was launched on Jul 1, 2021 and is managed by Innovator.

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