Innovator Defined Wealth Shield ETF (BATS:BALT) Sets New 52-Week High – Time to Buy?

Shares of Innovator Defined Wealth Shield ETF (BATS:BALT) reached a new 52-week high during trading on Monday . The company traded as high as $34.25 and last traded at $34.22, with a volume of 11966 shares changing hands. The stock had previously closed at $34.19.

Innovator Defined Wealth Shield ETF Price Performance

The company has a market capitalization of $1.59 billion, a PE ratio of 24.42 and a beta of 0.14. The business’s 50 day simple moving average is $34.01 and its 200 day simple moving average is $33.70.

Institutional Trading of Innovator Defined Wealth Shield ETF

A number of hedge funds have recently bought and sold shares of the company. Bison Wealth LLC raised its position in Innovator Defined Wealth Shield ETF by 73.5% during the fourth quarter. Bison Wealth LLC now owns 41,232 shares of the company’s stock valued at $1,296,000 after buying an additional 17,464 shares during the period. AQR Capital Management LLC acquired a new position in Innovator Defined Wealth Shield ETF during the first quarter valued at $347,000. Jane Street Group LLC acquired a new position in Innovator Defined Wealth Shield ETF during the first quarter valued at $1,036,000. NewEdge Advisors LLC raised its position in Innovator Defined Wealth Shield ETF by 105.2% during the second quarter. NewEdge Advisors LLC now owns 97,208 shares of the company’s stock valued at $3,118,000 after buying an additional 49,841 shares during the period. Finally, Ausdal Financial Partners Inc. raised its position in Innovator Defined Wealth Shield ETF by 18.1% during the second quarter. Ausdal Financial Partners Inc. now owns 34,396 shares of the company’s stock valued at $1,103,000 after buying an additional 5,274 shares during the period.

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.