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

Innovator Defined Wealth Shield ETF (BATS:BALT)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $34.22 and last traded at $34.13, with a volume of 32703 shares trading hands. The stock had previously closed at $34.12.

Innovator Defined Wealth Shield ETF Stock Down 0.1%

The business’s fifty day simple moving average is $33.78 and its two-hundred day simple moving average is $33.56. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 24.42 and a beta of 0.14.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. GTS Financial LLC acquired a new position in shares of Innovator Defined Wealth Shield ETF in the 1st quarter valued at $779,000. Arkadios Wealth Advisors boosted its holdings in shares of 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 valued at $1,070,000 after buying an additional 3,544 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in shares of 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 valued at $15,659,000 after buying an additional 10,233 shares in the last quarter. Core Wealth Advisors Inc. boosted its holdings in shares of Innovator Defined Wealth Shield ETF by 15.8% in the 1st quarter. Core Wealth Advisors Inc. now owns 22,626 shares of the company’s stock valued at $757,000 after buying an additional 3,081 shares in the last quarter. Finally, Reliant Wealth Planning boosted its holdings in shares of Innovator Defined Wealth Shield ETF by 2.9% in the 1st quarter. Reliant Wealth Planning now owns 1,005,348 shares of the company’s stock valued at $33,644,000 after buying an additional 28,171 shares in the last quarter.

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.