Innovator IBD 50 ETF (NYSEARCA:FFTY) Trading 1.8% Higher – What’s Next?

Innovator IBD 50 ETF (NYSEARCA:FFTY) shares shot up 1.8% during mid-day trading on Tuesday . The stock traded as high as $35.35 and last traded at $35.22. 52,295 shares were traded during mid-day trading, a decline of 46% from the average session volume of 97,357 shares. The stock had previously closed at $34.60.

Innovator IBD 50 ETF Stock Performance

The stock has a market capitalization of $80.66 million, a P/E ratio of 30.34 and a beta of 1.35. The business has a fifty day simple moving average of $37.55 and a 200-day simple moving average of $37.08.

Innovator IBD 50 ETF Announces Dividend

The business also recently declared an annual dividend, which was paid on Friday, January 2nd. Shareholders of record on Wednesday, December 31st were issued a $0.469 dividend. This represents a yield of 135.0%. The ex-dividend date was Wednesday, December 31st.

Hedge Funds Weigh In On Innovator IBD 50 ETF

Several institutional investors have recently made changes to their positions in the stock. NewEdge Advisors LLC grew its stake in shares of Innovator IBD 50 ETF by 48.4% in the 4th quarter. NewEdge Advisors LLC now owns 3,883 shares of the company’s stock valued at $135,000 after buying an additional 1,266 shares during the period. Kestra Advisory Services LLC acquired a new position in Innovator IBD 50 ETF during the 4th quarter worth approximately $72,000. Jane Street Group LLC bought a new position in Innovator IBD 50 ETF in the fourth quarter worth approximately $282,000. HRT Financial LP bought a new position in Innovator IBD 50 ETF in the fourth quarter worth approximately $507,000. Finally, Janney Montgomery Scott LLC grew its stake in Innovator IBD 50 ETF by 137.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 15,310 shares of the company’s stock valued at $533,000 after acquiring an additional 8,857 shares during the period.

About Innovator IBD 50 ETF

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.