Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) Shares Up 3% – Here’s Why
by Mitch Edgeman · The Markets DailyInnovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP – Get Free Report) shares rose 3% during mid-day trading on Tuesday . The company traded as high as $90.98 and last traded at $90.90. 23,139 shares changed hands during mid-day trading, an increase of 53% from the average daily volume of 15,085 shares. The stock had previously closed at $88.27.
Innovator Deepwater Frontier Tech ETF Price Performance
The company has a market capitalization of $210.25 million, a PE ratio of 34.62 and a beta of 1.70. The company’s 50 day simple moving average is $92.69 and its 200 day simple moving average is $83.04.
Institutional Investors Weigh In On Innovator Deepwater Frontier Tech ETF
Several hedge funds and other institutional investors have recently bought and sold shares of LOUP. Royal Bank of Canada boosted its stake in Innovator Deepwater Frontier Tech ETF by 23.2% in the fourth quarter. Royal Bank of Canada now owns 231,075 shares of the company’s stock valued at $17,657,000 after acquiring an additional 43,472 shares in the last quarter. LPL Financial LLC increased its position in shares of Innovator Deepwater Frontier Tech ETF by 49.0% during the fourth quarter. LPL Financial LLC now owns 130,583 shares of the company’s stock worth $9,978,000 after purchasing an additional 42,923 shares in the last quarter. Elmwood Wealth Management Inc. lifted its holdings in shares of Innovator Deepwater Frontier Tech ETF by 0.7% in the 2nd quarter. Elmwood Wealth Management Inc. now owns 116,401 shares of the company’s stock valued at $11,472,000 after purchasing an additional 855 shares during the last quarter. Epiq Partners LLC lifted its holdings in shares of Innovator Deepwater Frontier Tech ETF by 5.8% in the 2nd quarter. Epiq Partners LLC now owns 90,924 shares of the company’s stock valued at $8,961,000 after purchasing an additional 4,968 shares during the last quarter. Finally, Focus Partners Wealth acquired a new stake in shares of Innovator Deepwater Frontier Tech ETF in the 4th quarter valued at about $4,281,000.
Innovator Deepwater Frontier Tech ETF Company Profile
The Innovator Loup Frontier Tech ETF (LOUP) is an exchange-traded fund that is based on the Loup Frontier Tech index. The fund tracks an index of developed- and emerging-market stocks that are influencing the future of technology. Holdings are selected by fundamental criteria and equally weighted in two tiers. LOUP was launched on Jul 25, 2018 and is managed by Innovator.