Innovator Defined Wealth Shield ETF (BATS:BALT) Reaches New 52-Week High – Here’s Why

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

Innovator Defined Wealth Shield ETF Price Performance

The company has a 50-day simple moving average of $34.27 and a 200-day simple moving average of $33.93. The stock has a market cap of $1.60 billion, a PE ratio of 24.42 and a beta of 0.14.

Hedge Funds Weigh In On Innovator Defined Wealth Shield ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Bison Wealth LLC boosted its holdings in Innovator Defined Wealth Shield ETF by 73.5% during the fourth quarter. Bison Wealth LLC now owns 41,232 shares of the company’s stock worth $1,296,000 after buying an additional 17,464 shares in the last quarter. AQR Capital Management LLC purchased a new position in Innovator Defined Wealth Shield ETF in the first quarter valued at about $347,000. Jane Street Group LLC purchased a new position in Innovator Defined Wealth Shield ETF in the first quarter valued at about $1,036,000. NewEdge Advisors LLC lifted its position in shares of Innovator Defined Wealth Shield ETF by 105.2% during the 2nd quarter. NewEdge Advisors LLC now owns 97,208 shares of the company’s stock valued at $3,118,000 after acquiring an additional 49,841 shares during the period. Finally, Ausdal Financial Partners Inc. lifted its position in shares of Innovator Defined Wealth Shield ETF by 18.1% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 34,396 shares of the company’s stock valued at $1,103,000 after acquiring an additional 5,274 shares during the period.

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.