Cannon Advisors Inc. Increases Stock Position in Innovator Defined Wealth Shield ETF $BALT

Cannon Advisors Inc. raised its stake in Innovator Defined Wealth Shield ETF (BATS:BALT) by 4.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 71,001 shares of the company’s stock after acquiring an additional 3,341 shares during the period. Innovator Defined Wealth Shield ETF accounts for approximately 1.8% of Cannon Advisors Inc.’s portfolio, making the stock its 22nd largest position. Cannon Advisors Inc. owned approximately 0.15% of Innovator Defined Wealth Shield ETF worth $2,280,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BALT. Raymond James Financial Inc. lifted its holdings in shares of Innovator Defined Wealth Shield ETF by 131.6% in the 1st quarter. Raymond James Financial Inc. now owns 1,840,764 shares of the company’s stock valued at $57,763,000 after purchasing an additional 1,046,019 shares during the last quarter. Clear Creek Financial Management LLC increased its position in Innovator Defined Wealth Shield ETF by 5,521.0% during the second quarter. Clear Creek Financial Management LLC now owns 588,185 shares of the company’s stock worth $18,869,000 after buying an additional 577,721 shares during the period. Arlington Capital Management Inc. purchased a new stake in Innovator Defined Wealth Shield ETF in the first quarter valued at approximately $14,847,000. Consolidated Planning Corp acquired a new stake in shares of Innovator Defined Wealth Shield ETF in the second quarter valued at approximately $11,781,000. Finally, Wealthquest Corp boosted its holdings in shares of Innovator Defined Wealth Shield ETF by 11.8% in the first quarter. Wealthquest Corp now owns 3,442,846 shares of the company’s stock valued at $108,037,000 after acquiring an additional 362,959 shares during the period.

Innovator Defined Wealth Shield ETF Price Performance

Shares of Innovator Defined Wealth Shield ETF stock opened at $33.00 on Friday. The firm’s fifty day simple moving average is $32.87 and its 200-day simple moving average is $32.39. Innovator Defined Wealth Shield ETF has a 12 month low of $29.35 and a 12 month high of $32.34. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 24.42 and a beta of 0.14.

About Innovator Defined Wealth Shield ETF

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.