Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) Stock Price Down 0.8% – Should You Sell?

Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) dropped 0.8% on Friday . The company traded as low as $76.19 and last traded at $78.92. Approximately 28,095 shares changed hands during trading, an increase of 113% from the average daily volume of 13,205 shares. The stock had previously closed at $79.57.

Innovator Deepwater Frontier Tech ETF Price Performance

The business has a 50-day simple moving average of $75.12 and a two-hundred day simple moving average of $64.28. The stock has a market cap of $153.89 million, a price-to-earnings ratio of 34.62 and a beta of 1.55.

Institutional Investors Weigh In On Innovator Deepwater Frontier Tech ETF

Hedge funds have recently added to or reduced their stakes in the business. Mattson Financial Services LLC acquired a new position in shares of Innovator Deepwater Frontier Tech ETF in the first quarter valued at $1,412,000. Elmwood Wealth Management Inc. lifted its position in Innovator Deepwater Frontier Tech ETF by 21.8% during the second quarter. Elmwood Wealth Management Inc. now owns 89,204 shares of the company’s stock worth $5,585,000 after acquiring an additional 15,979 shares during the last quarter. Tradition Wealth Management LLC boosted its holdings in shares of Innovator Deepwater Frontier Tech ETF by 2.5% during the first quarter. Tradition Wealth Management LLC now owns 198,851 shares of the company’s stock worth $9,030,000 after acquiring an additional 4,944 shares during the period. Gradient Investments LLC grew its position in shares of Innovator Deepwater Frontier Tech ETF by 17.7% in the second quarter. Gradient Investments LLC now owns 193,309 shares of the company’s stock valued at $12,103,000 after purchasing an additional 29,074 shares during the last quarter. Finally, AE Wealth Management LLC bought a new position in shares of Innovator Deepwater Frontier Tech ETF during the second quarter worth approximately $34,000.

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.