Innovator Defined Wealth Shield ETF (BATS:BALT) Hits New 12-Month High – Should You Buy?

Innovator Defined Wealth Shield ETF (BATS:BALT)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $34.77 and last traded at $34.77, with a volume of 155651 shares traded. The stock had previously closed at $34.72.

Innovator Defined Wealth Shield ETF Price Performance

The company has a 50-day moving average of $34.45 and a two-hundred day moving average of $34.05. The company has a market capitalization of $1.62 billion, a PE ratio of 24.42 and a beta of 0.14.

Institutional Investors Weigh In On Innovator Defined Wealth Shield ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Bison Wealth LLC grew its position in Innovator Defined Wealth Shield ETF by 73.5% in the fourth quarter. Bison Wealth LLC now owns 41,232 shares of the company’s stock worth $1,296,000 after acquiring an additional 17,464 shares in the last quarter. AQR Capital Management LLC bought a new position in Innovator Defined Wealth Shield ETF during the 1st quarter valued at about $347,000. Jane Street Group LLC bought a new position in Innovator Defined Wealth Shield ETF during the 1st quarter valued at about $1,036,000. NewEdge Advisors LLC raised its position in Innovator Defined Wealth Shield ETF by 105.2% in the 2nd quarter. NewEdge Advisors LLC now owns 97,208 shares of the company’s stock worth $3,118,000 after purchasing an additional 49,841 shares during the period. Finally, Ausdal Financial Partners Inc. lifted its stake in Innovator Defined Wealth Shield ETF by 18.1% in the second quarter. Ausdal Financial Partners Inc. now owns 34,396 shares of the company’s stock worth $1,103,000 after purchasing an additional 5,274 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.