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

Innovator Defined Wealth Shield ETF (BATS:BALT) shares hit a new 52-week high during trading on Friday . The company traded as high as $35.09 and last traded at $34.8050, with a volume of 730386 shares. The stock had previously closed at $34.78.

Innovator Defined Wealth Shield ETF Trading Up 0.1%

The company has a 50 day moving average of $34.60 and a 200 day moving average of $34.17. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 24.42 and a beta of 0.14.

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 bought a new stake in shares of Innovator Defined Wealth Shield ETF during the first quarter worth approximately $28,000. Motiv8 Investments LLC bought a new stake in Innovator Defined Wealth Shield ETF in the 4th quarter valued at $44,000. Waverly Advisors LLC bought a new stake in Innovator Defined Wealth Shield ETF in the 1st quarter valued at $68,000. Noble Wealth Management PBC grew its holdings in Innovator Defined Wealth Shield ETF by 18.4% in the 2nd quarter. Noble Wealth Management PBC now owns 2,250 shares of the company’s stock valued at $77,000 after buying an additional 350 shares in the last quarter. Finally, Continuum Advisory LLC acquired a new position in Innovator Defined Wealth Shield ETF in the 2nd quarter valued at $179,000.

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.