Innovator Defined Wealth Shield ETF (BATS:BALT) Sets New 52-Week High – Still a Buy?

Innovator Defined Wealth Shield ETF (BATS:BALT)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $33.77 and last traded at $33.7550, with a volume of 173818 shares. The stock had previously closed at $33.73.

Innovator Defined Wealth Shield ETF Stock Performance

The stock’s 50-day simple moving average is $33.49 and its 200 day simple moving average is $33.00. The company has a market capitalization of $1.57 billion, a PE ratio of 24.42 and a beta of 0.14.

Institutional Investors Weigh In On Innovator Defined Wealth Shield ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. lifted 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 worth $73,983,000 after buying an additional 529,782 shares during the last quarter. Raymond James Financial Inc. raised its stake in Innovator Defined Wealth Shield ETF by 24.5% during the 3rd quarter. Raymond James Financial Inc. now owns 2,104,517 shares of the company’s stock worth $69,070,000 after acquiring an additional 413,938 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in Innovator Defined Wealth Shield ETF by 6.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 1,825,207 shares of the company’s stock worth $59,903,000 after acquiring an additional 107,652 shares in the last quarter. Cetera Investment Advisers lifted its position in Innovator Defined Wealth Shield ETF by 50.7% in the second quarter. Cetera Investment Advisers now owns 1,072,378 shares of the company’s stock valued at $34,402,000 after acquiring an additional 360,840 shares during the last quarter. Finally, Kingsview Wealth Management LLC boosted its stake in Innovator Defined Wealth Shield ETF by 19.1% in the fourth quarter. Kingsview Wealth Management LLC now owns 1,007,223 shares of the company’s stock valued at $33,752,000 after acquiring an additional 161,394 shares in 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.