NewEdge Wealth LLC Invests $666,000 in Innovator Defined Wealth Shield ETF $BALT

NewEdge Wealth LLC acquired a new stake in Innovator Defined Wealth Shield ETF (BATS:BALT) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 19,903 shares of the company’s stock, valued at approximately $666,000.

Several other institutional investors and hedge funds also recently made changes to their positions in BALT. Arete Wealth Advisors LLC raised its position in Innovator Defined Wealth Shield ETF by 1.6% in the 4th quarter. Arete Wealth Advisors LLC now owns 21,083 shares of the company’s stock worth $706,000 after purchasing an additional 333 shares during the period. Fiscal Wisdom Wealth Management LLC grew its stake in shares of Innovator Defined Wealth Shield ETF by 0.7% during the fourth quarter. Fiscal Wisdom Wealth Management LLC now owns 58,453 shares of the company’s stock valued at $1,959,000 after buying an additional 380 shares during the last quarter. Cambridge Advisors Inc. grew its stake in shares of Innovator Defined Wealth Shield ETF by 4.7% during the first quarter. Cambridge Advisors Inc. now owns 10,004 shares of the company’s stock valued at $335,000 after buying an additional 450 shares during the last quarter. Balance Wealth LLC grew its stake in shares of Innovator Defined Wealth Shield ETF by 2.0% during the fourth quarter. Balance Wealth LLC now owns 23,001 shares of the company’s stock valued at $771,000 after buying an additional 457 shares during the last quarter. Finally, Tradition Wealth Management LLC increased its holdings in shares of Innovator Defined Wealth Shield ETF by 7.0% in the fourth quarter. Tradition Wealth Management LLC now owns 9,074 shares of the company’s stock worth $304,000 after buying an additional 592 shares during the period.

Innovator Defined Wealth Shield ETF Trading Up 0.0%

BALT opened at $34.35 on Wednesday. Innovator Defined Wealth Shield ETF has a 12 month low of $32.21 and a 12 month high of $34.46. The business’s 50-day moving average price is $34.25 and its 200-day moving average price is $33.91. The company has a market cap of $1.60 billion, a P/E ratio of 24.42 and a beta of 0.14.

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.