Innovator Defined Wealth Shield ETF (BATS:BALT) Hits New 1-Year High – What’s Next?

Innovator Defined Wealth Shield ETF (BATS:BALT) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $34.73 and last traded at $34.73, with a volume of 85137 shares changing hands. The stock had previously closed at $34.69.

Innovator Defined Wealth Shield ETF Trading Up 0.1%

The company’s 50-day moving average is $34.35 and its 200 day moving average is $33.98. The stock has a market capitalization of $1.61 billion, a PE ratio of 24.42 and a beta of 0.14.

Institutional Investors Weigh In On Innovator Defined Wealth Shield ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Sound Income Strategies LLC purchased a new stake in shares of Innovator Defined Wealth Shield ETF during the first quarter valued at $28,000. Motiv8 Investments LLC purchased a new position in Innovator Defined Wealth Shield ETF in the 4th quarter worth $44,000. Waverly Advisors LLC purchased a new position in Innovator Defined Wealth Shield ETF in the 1st quarter worth $68,000. Noble Wealth Management PBC lifted its position in Innovator Defined Wealth Shield ETF by 18.4% during the 2nd quarter. Noble Wealth Management PBC now owns 2,250 shares of the company’s stock worth $77,000 after acquiring an additional 350 shares during the period. Finally, Betterment LLC purchased a new stake in Innovator Defined Wealth Shield ETF during the 3rd quarter valued at about $207,000.

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.