Innovator Defined Wealth Shield ETF (BATS:BALT) Hits New 52-Week High – Here’s What Happened

Innovator Defined Wealth Shield ETF (BATS:BALT) reached a new 52-week high during trading on Monday . The stock traded as high as $34.29 and last traded at $34.27, with a volume of 21410 shares trading hands. The stock had previously closed at $34.26.

Innovator Defined Wealth Shield ETF Price Performance

The firm has a 50 day moving average price of $34.09 and a 200-day moving average price of $33.76. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 24.42 and a beta of 0.14.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BALT. MTM Financial Group LLC grew its position in shares of Innovator Defined Wealth Shield ETF by 1.2% during the 1st quarter. MTM Financial Group LLC now owns 787,608 shares of the company’s stock worth $26,357,000 after buying an additional 9,040 shares during the period. Wealthquest Corp lifted its holdings in Innovator Defined Wealth Shield ETF by 36.9% in the first quarter. Wealthquest Corp now owns 3,233,718 shares of the company’s stock valued at $108,216,000 after buying an additional 871,138 shares during the period. GTS Financial LLC bought a new position in Innovator Defined Wealth Shield ETF in the first quarter valued at approximately $779,000. Arkadios Wealth Advisors boosted its stake in Innovator Defined Wealth Shield ETF by 12.5% in the first quarter. Arkadios Wealth Advisors now owns 31,970 shares of the company’s stock valued at $1,070,000 after acquiring an additional 3,544 shares during the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in Innovator Defined Wealth Shield ETF by 2.2% in the first quarter. Sunbelt Securities Inc. now owns 467,920 shares of the company’s stock valued at $15,659,000 after acquiring an additional 10,233 shares during the last quarter.

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.