Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) Trading Up 1.5% – Still a Buy?

Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP)’s share price traded up 1.5% during mid-day trading on Friday . The stock traded as high as $86.79 and last traded at $86.75. 10,449 shares traded hands during trading, a decline of 29% from the average session volume of 14,717 shares. The stock had previously closed at $85.51.

Innovator Deepwater Frontier Tech ETF Trading Up 1.5%

The stock’s 50-day moving average price is $89.14 and its two-hundred day moving average price is $85.75. The stock has a market capitalization of $260.16 million, a P/E ratio of 34.62 and a beta of 1.70.

Institutional Trading of Innovator Deepwater Frontier Tech ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. HighTower Advisors LLC lifted its holdings in Innovator Deepwater Frontier Tech ETF by 216.9% during the 4th quarter. HighTower Advisors LLC now owns 33,124 shares of the company’s stock worth $2,531,000 after purchasing an additional 22,672 shares in the last quarter. 46 Peaks LLC purchased a new position in Innovator Deepwater Frontier Tech ETF in the 4th quarter worth approximately $932,000. Mattson Financial Services LLC increased its stake in Innovator Deepwater Frontier Tech ETF by 10.1% in the fourth quarter. Mattson Financial Services LLC now owns 44,621 shares of the company’s stock valued at $3,409,000 after acquiring an additional 4,098 shares during the last quarter. NWF Advisory Services Inc. bought a new position in shares of Innovator Deepwater Frontier Tech ETF during the 2nd quarter valued at about $210,000. Finally, Paladin Wealth LLC raised its stake in shares of Innovator Deepwater Frontier Tech ETF by 6.4% during the second quarter. Paladin Wealth LLC now owns 4,946 shares of the company’s stock worth $487,000 after acquiring an additional 296 shares in the last quarter.

About Innovator Deepwater Frontier Tech ETF

The Innovator Loup Frontier Tech ETF (LOUP) is an exchange-traded fund that is based on the Loup Frontier Tech index. The fund tracks an index of developed- and emerging-market stocks that are influencing the future of technology. Holdings are selected by fundamental criteria and equally weighted in two tiers. LOUP was launched on Jul 25, 2018 and is managed by Innovator.