Innovator Defined Wealth Shield ETF (BATS:BALT) Stock Price Breaks Above 50 Day Moving Average – Should You Sell?

Innovator Defined Wealth Shield ETF (BATS:BALT)’s share price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $34.92 and traded as high as $35.00. Innovator Defined Wealth Shield ETF shares last traded at $34.98, with a volume of 523,889 shares changing hands.

Innovator Defined Wealth Shield ETF Price Performance

The company’s 50-day simple moving average is $34.92 and its 200-day simple moving average is $34.26. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 24.42 and a beta of 0.14.

Hedge Funds Weigh In On Innovator Defined Wealth Shield ETF

A number of large investors have recently made changes to their positions in the company. Wealthquest Corp lifted its holdings 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 worth $108,216,000 after purchasing an additional 871,138 shares during the last quarter. Cetera Investment Advisers boosted its stake in Innovator Defined Wealth Shield ETF by 4.1% in 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. Commonwealth Equity Services LLC acquired a new position in Innovator Defined Wealth Shield ETF in the 3rd quarter valued at $46,256,000. Crown Wealth Group LLC grew its holdings in Innovator Defined Wealth Shield ETF by 9.0% in the 3rd quarter. Crown Wealth Group LLC now owns 1,066,604 shares of the company’s stock valued at $37,278,000 after buying an additional 87,734 shares in the last quarter. Finally, Reliant Wealth Planning grew its holdings in Innovator Defined Wealth Shield ETF by 2.9% in the 1st quarter. Reliant Wealth Planning now owns 1,005,348 shares of the company’s stock valued at $33,644,000 after buying an additional 28,171 shares in the last quarter.

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.