Palumbo Wealth Management LLC Trims Position in Innovator Defined Wealth Shield ETF $BALT

Palumbo Wealth Management LLC cut its holdings in shares of Innovator Defined Wealth Shield ETF (BATS:BALT) by 34.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 41,588 shares of the company’s stock after selling 22,104 shares during the quarter. Palumbo Wealth Management LLC’s holdings in Innovator Defined Wealth Shield ETF were worth $1,394,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of BALT. GGM Financials LLC purchased a new position in shares of Innovator Defined Wealth Shield ETF during the 3rd quarter valued at approximately $33,000. Caitlin John LLC purchased a new position in shares of Innovator Defined Wealth Shield ETF during the 3rd quarter valued at approximately $78,000. Geneos Wealth Management Inc. purchased a new position in shares of Innovator Defined Wealth Shield ETF during the 3rd quarter valued at approximately $90,000. NWF Advisory Services Inc. purchased a new position in shares of Innovator Defined Wealth Shield ETF during the 3rd quarter valued at approximately $201,000. Finally, Accurate Wealth Management LLC purchased a new position in shares of Innovator Defined Wealth Shield ETF during the 4th quarter valued at approximately $206,000.

Innovator Defined Wealth Shield ETF Price Performance

BATS:BALT opened at $33.55 on Wednesday. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 24.42 and a beta of 0.14. The company has a 50 day moving average price of $33.63 and a 200-day moving average price of $33.33. Innovator Defined Wealth Shield ETF has a 1-year low of $30.16 and a 1-year high of $33.84.

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.