Innovator Defined Wealth Shield ETF (BATS:BALT) Hits New 12-Month High – Should You Buy?

Innovator Defined Wealth Shield ETF (BATS:BALT) shares reached a new 52-week high during trading on Thursday . The company traded as high as $34.77 and last traded at $34.77, with a volume of 155651 shares trading hands. The stock had previously closed at $34.72.

Innovator Defined Wealth Shield ETF Stock Up 0.2%

The company has a market capitalization of $1.62 billion, a P/E ratio of 24.42 and a beta of 0.14. The company has a 50-day moving average of $34.45 and a two-hundred day moving average of $34.05.

Institutional Trading of Innovator Defined Wealth Shield ETF

Hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. raised its stake in Innovator Defined Wealth Shield ETF by 46,021.3% during the fourth quarter. JPMorgan Chase & Co. now owns 4,025,929 shares of the company’s stock valued at $134,909,000 after buying an additional 4,017,200 shares during the last quarter. Wealthquest Corp grew its stake in shares of Innovator Defined Wealth Shield ETF by 36.9% in the first quarter. Wealthquest Corp now owns 3,233,718 shares of the company’s stock worth $108,216,000 after acquiring an additional 871,138 shares during the last quarter. Foundations Investment Advisors LLC increased its holdings in shares of Innovator Defined Wealth Shield ETF by 129.2% during the fourth quarter. Foundations Investment Advisors LLC now owns 1,226,639 shares of the company’s stock valued at $41,105,000 after acquiring an additional 691,493 shares in the last quarter. Lee Johnson Capital Management LLC increased its holdings in shares of Innovator Defined Wealth Shield ETF by 70.7% during the first quarter. Lee Johnson Capital Management LLC now owns 1,402,959 shares of the company’s stock valued at $46,950,000 after acquiring an additional 580,979 shares in the last quarter. Finally, Personal CFO Solutions LLC purchased a new position in shares of Innovator Defined Wealth Shield ETF in the 1st quarter worth about $18,415,000.

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.