Diversify Wealth Management LLC Makes New $2.62 Million Investment in Innovator Defined Wealth Shield ETF $BALT

Diversify Wealth Management LLC purchased a new stake in shares of Innovator Defined Wealth Shield ETF (BATS:BALT) during the first quarter, Holdings Channel.com reports. The firm purchased 77,251 shares of the company’s stock, valued at approximately $2,622,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BALT. Sovran Advisors LLC lifted its stake in shares of Innovator Defined Wealth Shield ETF by 9.4% during the first quarter. Sovran Advisors LLC now owns 278,555 shares of the company’s stock worth $9,465,000 after buying an additional 24,021 shares during the period. Range Financial Group LLC raised its stake in Innovator Defined Wealth Shield ETF by 4.4% in the 1st quarter. Range Financial Group LLC now owns 15,660 shares of the company’s stock worth $524,000 after acquiring an additional 664 shares during the last quarter. ATX Financial Planning LLC lifted its position in Innovator Defined Wealth Shield ETF by 14.2% during the 1st quarter. ATX Financial Planning LLC now owns 309,856 shares of the company’s stock worth $10,369,000 after acquiring an additional 38,455 shares during the period. Kestra Advisory Services LLC grew its stake in Innovator Defined Wealth Shield ETF by 2.8% during the 1st quarter. Kestra Advisory Services LLC now owns 324,247 shares of the company’s stock valued at $10,851,000 after purchasing an additional 8,856 shares during the last quarter. Finally, Money Concepts Capital Corp increased its holdings in shares of Innovator Defined Wealth Shield ETF by 53.4% in the first quarter. Money Concepts Capital Corp now owns 13,216 shares of the company’s stock valued at $442,000 after purchasing an additional 4,603 shares during the period.

Innovator Defined Wealth Shield ETF Stock Down 0.1%

Shares of BATS:BALT opened at $34.37 on Tuesday. Innovator Defined Wealth Shield ETF has a 52-week low of $32.13 and a 52-week high of $34.46. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 24.42 and a beta of 0.14. The business has a 50-day moving average price of $34.18 and a 200-day moving average price of $33.84.

Innovator Defined Wealth Shield ETF 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.