Innovator Defined Wealth Shield ETF (BATS:BALT) Hits New 1-Year High – Should You Buy?

Shares of Innovator Defined Wealth Shield ETF (BATS:BALT) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $34.29 and last traded at $34.27, with a volume of 21410 shares changing hands. The stock had previously closed at $34.26.

Innovator Defined Wealth Shield ETF Price Performance

The stock has a market cap of $1.59 billion, a PE ratio of 24.42 and a beta of 0.14. The stock has a 50-day moving average of $34.11 and a 200 day moving average of $33.78.

Institutional Trading of Innovator Defined Wealth Shield ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC acquired a new stake in Innovator Defined Wealth Shield ETF during the first quarter worth about $28,000. Motiv8 Investments LLC purchased a new position in Innovator Defined Wealth Shield ETF during the fourth quarter worth about $44,000. Waverly Advisors LLC acquired a new position in Innovator Defined Wealth Shield ETF in the 1st quarter valued at about $68,000. Accurate Wealth Management LLC acquired a new position in Innovator Defined Wealth Shield ETF in the 4th quarter valued at about $206,000. Finally, Betterment LLC purchased a new stake in shares of Innovator Defined Wealth Shield ETF in the 3rd quarter valued at approximately $207,000.

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.