Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) Shares Down 1.8% – Here’s Why

Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) shares fell 1.8% during mid-day trading on Friday . The company traded as low as $94.28 and last traded at $94.34. 11,087 shares traded hands during trading, a decline of 29% from the average session volume of 15,587 shares. The stock had previously closed at $96.06.

Innovator Deepwater Frontier Tech ETF Stock Down 1.8%

The stock has a market capitalization of $221.70 million, a P/E ratio of 34.62 and a beta of 1.68. The firm has a 50-day moving average of $92.25 and a 200 day moving average of $81.85.

Institutional Investors Weigh In On Innovator Deepwater Frontier Tech ETF

Several large investors have recently modified their holdings of LOUP. Paladin Wealth LLC increased its position in Innovator Deepwater Frontier Tech ETF by 6.4% in the 2nd quarter. Paladin Wealth LLC now owns 4,946 shares of the company’s stock valued at $487,000 after acquiring an additional 296 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in Innovator Deepwater Frontier Tech ETF by 243.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 584 shares of the company’s stock worth $45,000 after buying an additional 414 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its position in Innovator Deepwater Frontier Tech ETF by 63.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,501 shares of the company’s stock valued at $115,000 after buying an additional 580 shares during the last quarter. Mariner LLC increased its stake in shares of Innovator Deepwater Frontier Tech ETF by 15.0% in the 3rd quarter. Mariner LLC now owns 4,642 shares of the company’s stock valued at $343,000 after buying an additional 604 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Innovator Deepwater Frontier Tech ETF in the 4th quarter valued at $53,000.

About Innovator Deepwater Frontier Tech ETF

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.