NewEdge Advisors LLC Trims Stock Holdings in Innovator Defined Wealth Shield ETF $BALT

NewEdge Advisors LLC decreased its position in Innovator Defined Wealth Shield ETF (BATS:BALT) by 16.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 501,834 shares of the company’s stock after selling 98,094 shares during the quarter. NewEdge Advisors LLC owned approximately 1.08% of Innovator Defined Wealth Shield ETF worth $16,794,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sound Income Strategies LLC purchased a new stake in shares of Innovator Defined Wealth Shield ETF in the 1st quarter worth about $28,000. Motiv8 Investments LLC bought a new position in shares of Innovator Defined Wealth Shield ETF in the 4th quarter worth about $44,000. Waverly Advisors LLC purchased a new position in Innovator Defined Wealth Shield ETF during the 1st quarter valued at about $68,000. Betterment LLC purchased a new position in Innovator Defined Wealth Shield ETF during the 3rd quarter valued at about $207,000. Finally, Csenge Advisory Group bought a new stake in Innovator Defined Wealth Shield ETF during the fourth quarter worth about $226,000.

Innovator Defined Wealth Shield ETF Stock Performance

Shares of BALT opened at $34.67 on Friday. Innovator Defined Wealth Shield ETF has a fifty-two week low of $32.37 and a fifty-two week high of $34.73. The firm’s 50-day simple moving average is $34.32 and its two-hundred day simple moving average is $33.96. The stock has a market cap of $1.61 billion, a PE ratio of 24.42 and a beta of 0.14.

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.