Innovator Defined Wealth Shield ETF (BATS:BALT) Reaches New 52-Week High – Here’s Why

Innovator Defined Wealth Shield ETF (BATS:BALT) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $34.08 and last traded at $34.04, with a volume of 7537 shares trading hands. The stock had previously closed at $34.00.

Innovator Defined Wealth Shield ETF Stock Up 0.1%

The firm has a market cap of $1.58 billion, a PE ratio of 24.42 and a beta of 0.14. The stock’s fifty day simple moving average is $33.71 and its two-hundred day simple moving average is $33.49.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. AE Wealth Management LLC raised its position in Innovator Defined Wealth Shield ETF by 9.4% in the 3rd quarter. AE Wealth Management LLC now owns 540,794 shares of the company’s stock worth $17,749,000 after buying an additional 46,427 shares during the last quarter. Integrity Advisory Solutions LLC purchased a new stake in shares of Innovator Defined Wealth Shield ETF during the 3rd quarter valued at about $3,404,000. Archer Investment Corp purchased a new stake in shares of Innovator Defined Wealth Shield ETF during the 3rd quarter valued at about $4,667,000. Atria Investments Inc bought a new stake in shares of Innovator Defined Wealth Shield ETF in the third quarter worth approximately $2,164,000. Finally, Galvin Gaustad & Stein LLC bought a new stake in shares of Innovator Defined Wealth Shield ETF in the fourth quarter worth approximately $659,000.

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.