Innovator Defined Wealth Shield ETF (BATS:BALT) Sets New 1-Year High – Time to Buy?

Innovator Defined Wealth Shield ETF (BATS:BALT) shares reached a new 52-week high on Monday . The company traded as high as $34.01 and last traded at $33.99, with a volume of 14992 shares changing hands. The stock had previously closed at $33.98.

Innovator Defined Wealth Shield ETF Price Performance

The business’s fifty day simple moving average is $33.69 and its two-hundred day simple moving average is $33.45. The company has a market cap of $1.58 billion, a PE ratio of 24.42 and a beta of 0.14.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vantage Point Financial LLC increased its holdings in Innovator Defined Wealth Shield ETF by 6.0% in the first quarter. Vantage Point Financial LLC now owns 30,058 shares of the company’s stock valued at $1,006,000 after buying an additional 1,697 shares in the last quarter. Diversify Wealth Management LLC purchased a new stake in shares of Innovator Defined Wealth Shield ETF during the first quarter worth about $2,622,000. Sovran Advisors LLC increased its stake in shares of Innovator Defined Wealth Shield ETF by 9.4% during the first quarter. Sovran Advisors LLC now owns 278,555 shares of the company’s stock worth $9,465,000 after purchasing an additional 24,021 shares in the last quarter. Range Financial Group LLC increased its stake in shares of Innovator Defined Wealth Shield ETF by 4.4% during the first quarter. Range Financial Group LLC now owns 15,660 shares of the company’s stock worth $524,000 after purchasing an additional 664 shares in the last quarter. Finally, ATX Financial Planning LLC increased its stake in shares of Innovator Defined Wealth Shield ETF by 14.2% during the first quarter. ATX Financial Planning LLC now owns 309,856 shares of the company’s stock worth $10,369,000 after purchasing an additional 38,455 shares in 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.