Innovator Defined Wealth Shield ETF (BATS:BALT) Sets New 1-Year High – Here’s Why

Innovator Defined Wealth Shield ETF (BATS:BALT) reached a new 52-week high during trading on Monday . The company traded as high as $34.25 and last traded at $34.24, with a volume of 240096 shares. The stock had previously closed at $34.25.

Innovator Defined Wealth Shield ETF Price Performance

The firm has a market cap of $1.59 billion, a PE ratio of 24.42 and a beta of 0.14. The firm’s fifty day simple moving average is $34.04 and its two-hundred day simple moving average is $33.73.

Institutional Trading of Innovator Defined Wealth Shield ETF

Several institutional investors and hedge funds have recently modified their holdings of BALT. Wealthquest Corp lifted its stake in shares of Innovator Defined Wealth Shield ETF by 36.9% during the 1st quarter. Wealthquest Corp now owns 3,233,718 shares of the company’s stock valued at $108,216,000 after buying an additional 871,138 shares in the last quarter. GTS Financial LLC bought a new position in Innovator Defined Wealth Shield ETF in the 1st quarter worth $779,000. Arkadios Wealth Advisors increased its stake in Innovator Defined Wealth Shield ETF by 12.5% in the 1st quarter. Arkadios Wealth Advisors now owns 31,970 shares of the company’s stock worth $1,070,000 after buying an additional 3,544 shares in the last quarter. Sunbelt Securities Inc. increased its stake in Innovator Defined Wealth Shield ETF by 2.2% in the 1st quarter. Sunbelt Securities Inc. now owns 467,920 shares of the company’s stock worth $15,659,000 after buying an additional 10,233 shares in the last quarter. Finally, Core Wealth Advisors Inc. raised its holdings in Innovator Defined Wealth Shield ETF by 15.8% during the first quarter. Core Wealth Advisors Inc. now owns 22,626 shares of the company’s stock valued at $757,000 after acquiring an additional 3,081 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.