Innovator IBD 50 ETF (NYSEARCA:FFTY) Stock Price Down 4.2% – Here’s Why

Innovator IBD 50 ETF (NYSEARCA:FFTY)’s share price traded down 4.2% during trading on Monday. The stock traded as low as $31.15 and last traded at $31.15. Approximately 57,254 shares were traded during mid-day trading, an increase of 14% from the average session volume of 50,187 shares. The stock had previously closed at $32.50.

Innovator IBD 50 ETF Stock Down 1.8%

The company has a market cap of $53.71 million, a P/E ratio of 30.34 and a beta of 1.50. The company has a fifty day moving average of $34.59 and a 200 day moving average of $37.42.

Institutional Investors Weigh In On Innovator IBD 50 ETF

A number of institutional investors have recently added to or reduced their stakes in FFTY. WorthPointe LLC increased its holdings in shares of Innovator IBD 50 ETF by 18.3% in the 2nd quarter. WorthPointe LLC now owns 24,412 shares of the company’s stock worth $1,295,000 after buying an additional 3,771 shares during the last quarter. KFG Wealth Management LLC bought a new stake in shares of Innovator IBD 50 ETF in the 2nd quarter valued at approximately $201,000. Trail Ridge Investment Advisors LLC purchased a new position in shares of Innovator IBD 50 ETF in the 2nd quarter worth approximately $210,000. Concurrent Investment Advisors LLC boosted its holdings in shares of Innovator IBD 50 ETF by 11.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 63,128 shares of the company’s stock worth $3,349,000 after purchasing an additional 6,321 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Innovator IBD 50 ETF by 3,222.5% in the 1st quarter. Royal Bank of Canada now owns 18,274 shares of the company’s stock worth $611,000 after purchasing an additional 17,724 shares during the period.

Innovator IBD 50 ETF Company Profile

The Innovator IBD 50 ETF (FFTY) is an exchange-traded fund that is based on the IBD 50 index. The fund tracks an index of 50 US-listed stocks with aggressive growth characteristics. Holdings are selected based on fundamental and technical rankings FFTY was launched on Apr 9, 2015 and is managed by Innovator.