Gradient Investments LLC Cuts Stock Holdings in Innovator Deepwater Frontier Tech ETF $LOUP

Gradient Investments LLC reduced its stake in Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) by 8.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 264,367 shares of the company’s stock after selling 23,849 shares during the period. Gradient Investments LLC owned approximately 0.11% of Innovator Deepwater Frontier Tech ETF worth $26,056,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Rockefeller Capital Management L.P. increased its holdings in shares of Innovator Deepwater Frontier Tech ETF by 243.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 584 shares of the company’s stock worth $45,000 after purchasing an additional 414 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Innovator Deepwater Frontier Tech ETF during the fourth quarter valued at approximately $53,000. Federation des caisses Desjardins du Quebec grew its holdings in Innovator Deepwater Frontier Tech ETF by 63.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,501 shares of the company’s stock valued at $115,000 after buying an additional 580 shares in the last quarter. Triumph Capital Management purchased a new position in Innovator Deepwater Frontier Tech ETF during the 3rd quarter valued at approximately $157,000. Finally, Fifth Third Bancorp bought a new stake in Innovator Deepwater Frontier Tech ETF in the 1st quarter worth approximately $207,000.

Innovator Deepwater Frontier Tech ETF Price Performance

NYSEARCA:LOUP opened at $93.43 on Friday. The company has a market cap of $219.56 million, a price-to-earnings ratio of 34.62 and a beta of 1.70. Innovator Deepwater Frontier Tech ETF has a 1 year low of $61.31 and a 1 year high of $100.30. The stock’s 50 day simple moving average is $92.48 and its two-hundred day simple moving average is $83.17.

About Innovator Deepwater Frontier Tech ETF

The Innovator Loup Frontier Tech ETF (LOUP) is an exchange-traded fund that is based on the Loup Frontier Tech index. The fund tracks an index of developed- and emerging-market stocks that are influencing the future of technology. Holdings are selected by fundamental criteria and equally weighted in two tiers. LOUP was launched on Jul 25, 2018 and is managed by Innovator.