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

Innovator Defined Wealth Shield ETF (BATS:BALT) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $34.22 and last traded at $34.19, with a volume of 47104 shares changing hands. The stock had previously closed at $34.17.

Innovator Defined Wealth Shield ETF Price Performance

The company has a market cap of $1.59 billion, a P/E ratio of 24.42 and a beta of 0.14. The company has a fifty day simple moving average of $33.95 and a 200-day simple moving average of $33.67.

Institutional Trading of Innovator Defined Wealth Shield ETF

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in Innovator Defined Wealth Shield ETF by 46,021.3% during the 4th quarter. JPMorgan Chase & Co. now owns 4,025,929 shares of the company’s stock valued at $134,909,000 after purchasing an additional 4,017,200 shares during the period. Wealthquest Corp raised its stake in Innovator Defined Wealth Shield ETF by 36.9% during the 1st quarter. Wealthquest Corp now owns 3,233,718 shares of the company’s stock valued at $108,216,000 after purchasing an additional 871,138 shares during the period. Osaic Holdings Inc. raised its stake in Innovator Defined Wealth Shield ETF by 4.8% during the 4th quarter. Osaic Holdings Inc. now owns 2,441,139 shares of the company’s stock valued at $81,802,000 after purchasing an additional 111,344 shares during the period. Raymond James Financial Inc. raised its stake in Innovator Defined Wealth Shield ETF by 24.5% during the 3rd quarter. Raymond James Financial Inc. now owns 2,104,517 shares of the company’s stock valued at $69,070,000 after purchasing an additional 413,938 shares during the period. Finally, Cetera Investment Advisers raised its stake in Innovator Defined Wealth Shield ETF by 4.1% during the 1st quarter. Cetera Investment Advisers now owns 1,592,364 shares of the company’s stock valued at $53,288,000 after purchasing an additional 63,395 shares during the period.

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.