Innovator Defined Wealth Shield ETF (BATS:BALT) Hits New 12-Month High – Still a Buy?

Innovator Defined Wealth Shield ETF (BATS:BALT)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $34.47 and last traded at $34.47, with a volume of 3889 shares traded. The stock had previously closed at $34.44.

Innovator Defined Wealth Shield ETF Stock Up 0.2%

The stock has a market capitalization of $1.60 billion, a PE ratio of 24.42 and a beta of 0.14. The business’s 50-day moving average is $34.27 and its two-hundred day moving average is $33.93.

Institutional Trading of Innovator Defined Wealth Shield ETF

Several institutional investors and hedge funds have recently made changes to their positions in BALT. JPMorgan Chase & Co. grew its stake in Innovator Defined Wealth Shield ETF by 46,021.3% during the 4th quarter. JPMorgan Chase & Co. now owns 4,025,929 shares of the company’s stock worth $134,909,000 after buying an additional 4,017,200 shares during the last quarter. Wealthquest Corp increased its position in Innovator Defined Wealth Shield ETF by 36.9% during the first quarter. Wealthquest Corp now owns 3,233,718 shares of the company’s stock worth $108,216,000 after buying an additional 871,138 shares during the period. Osaic Holdings Inc. lifted its stake in Innovator Defined Wealth Shield ETF by 4.8% in the fourth quarter. Osaic Holdings Inc. now owns 2,441,139 shares of the company’s stock valued at $81,802,000 after buying an additional 111,344 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Innovator Defined Wealth Shield ETF by 24.5% in the third quarter. Raymond James Financial Inc. now owns 2,104,517 shares of the company’s stock valued at $69,070,000 after buying an additional 413,938 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Innovator Defined Wealth Shield ETF by 4.1% in the first quarter. Cetera Investment Advisers now owns 1,592,364 shares of the company’s stock valued at $53,288,000 after acquiring an additional 63,395 shares during the period.

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.