Innovator IBD 50 ETF (NYSEARCA:FFTY) Shares Down 0.8% – Time to Sell?

Innovator IBD 50 ETF (NYSEARCA:FFTYGet Free Report)’s share price fell 0.8% on Monday . The company traded as low as $34.34 and last traded at $34.35. 84,788 shares were traded during mid-day trading, a decline of 41% from the average session volume of 144,093 shares. The stock had previously closed at $34.62.

Innovator IBD 50 ETF Trading Down 0.8%

The firm’s 50 day simple moving average is $37.10 and its 200-day simple moving average is $34.99. The stock has a market capitalization of $94.46 million, a price-to-earnings ratio of 30.34 and a beta of 1.35.

Institutional Trading of Innovator IBD 50 ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FFTY. Farther Finance Advisors LLC bought a new position in Innovator IBD 50 ETF in the second quarter valued at approximately $57,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Innovator IBD 50 ETF by 4.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 28,399 shares of the company’s stock valued at $927,000 after buying an additional 1,238 shares during the last quarter. Del Sette Capital Management LLC grew its stake in shares of Innovator IBD 50 ETF by 63.3% in the second quarter. Del Sette Capital Management LLC now owns 20,524 shares of the company’s stock valued at $667,000 after buying an additional 7,954 shares in the last quarter. Comprehensive Financial Planning Inc. PA acquired a new position in Innovator IBD 50 ETF during the second quarter worth $996,000. Finally, Brookwood Investment Group LLC bought a new stake in Innovator IBD 50 ETF during the second quarter worth $300,000.

About Innovator IBD 50 ETF

(Get Free Report)

The Innovator IBD 50 ETF (FFTY) is an exchange-traded fund that is based on the IBD 50 index. The fund tracks an index of 50 US-listed stocks with aggressive growth characteristics. Holdings are selected based on fundamental and technical rankings FFTY was launched on Apr 9, 2015 and is managed by Innovator.

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