Innovator Defined Wealth Shield ETF (BATS:BALT) Hits New 1-Year High – Should You Buy?

Innovator Defined Wealth Shield ETF (BATS:BALT) shares reached a new 52-week high on Wednesday . The stock traded as high as $33.82 and last traded at $33.7850, with a volume of 10132 shares trading hands. The stock had previously closed at $33.77.

Innovator Defined Wealth Shield ETF Trading Down 0.2%

The firm’s 50 day simple moving average is $33.63 and its 200 day simple moving average is $33.13. The firm has a market cap of $1.57 billion, a PE ratio of 24.42 and a beta of 0.14.

Institutional Trading of Innovator Defined Wealth Shield ETF

A number of large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in Innovator Defined Wealth Shield ETF by 46,021.3% during the fourth quarter. JPMorgan Chase & Co. now owns 4,025,929 shares of the company’s stock worth $134,909,000 after acquiring an additional 4,017,200 shares during the last quarter. Reliant Wealth Planning lifted its stake in shares of Innovator Defined Wealth Shield ETF by 2,527.0% in the 3rd quarter. Reliant Wealth Planning now owns 957,346 shares of the company’s stock valued at $31,420,000 after purchasing an additional 920,903 shares during the last quarter. Lee Johnson Capital Management LLC purchased a new position in shares of Innovator Defined Wealth Shield ETF in the 3rd quarter worth approximately $27,714,000. Foundations Investment Advisors LLC increased its position in shares of Innovator Defined Wealth Shield ETF by 129.2% during the 4th quarter. Foundations Investment Advisors LLC now owns 1,226,639 shares of the company’s stock valued at $41,105,000 after purchasing an additional 691,493 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in shares of Innovator Defined Wealth Shield ETF by 29.8% during the 2nd quarter. Osaic Holdings Inc. now owns 2,306,222 shares of the company’s stock valued at $73,983,000 after purchasing an additional 529,782 shares during the last quarter.

Innovator Defined Wealth Shield ETF Company Profile

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.