Innovator Defined Wealth Shield ETF (BATS:BALT) Share Price Breaks Above 50-Day Moving Average – Time to Sell?

Innovator Defined Wealth Shield ETF (BATS:BALT – Get Free Report) shares passed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $34.92 and traded as high as $35.00. Innovator Defined Wealth Shield ETF shares last traded at $34.98, with a volume of 523,889 shares changing hands.

Innovator Defined Wealth Shield ETF Stock Up 0.3%

The stock’s 50-day simple moving average is $34.94 and its 200 day simple moving average is $34.27. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 24.42 and a beta of 0.14.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BALT. First Heartland Consultants Inc. purchased a new stake in shares of Innovator Defined Wealth Shield ETF during the 3rd quarter worth approximately $3,603,000. Fifth Third Wealth Advisors LLC acquired a new position in shares of Innovator Defined Wealth Shield ETF in the 3rd quarter valued at $5,958,000. NewEdge Advisors LLC grew its position in shares of Innovator Defined Wealth Shield ETF by 42.8% in the 2nd quarter. NewEdge Advisors LLC now owns 716,670 shares of the company’s stock valued at $24,560,000 after buying an additional 214,836 shares during the last quarter. Somerset Trust Co purchased a new position in shares of Innovator Defined Wealth Shield ETF in the 2nd quarter valued at $892,000. Finally, Cetera Investment Advisers grew its position in shares of Innovator Defined Wealth Shield ETF by 4.1% in the 1st quarter. Cetera Investment Advisers now owns 1,592,364 shares of the company’s stock valued at $53,288,000 after buying an additional 63,395 shares during the last quarter.

About Innovator Defined Wealth Shield ETF

(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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