Innovator Defined Wealth Shield ETF (BATS:BALT) Hits New 12-Month High – What’s Next?

Innovator Defined Wealth Shield ETF (BATS:BALT) shares hit a new 52-week high on Thursday . The company traded as high as $34.36 and last traded at $34.36, with a volume of 108434 shares trading hands. The stock had previously closed at $34.30.

Innovator Defined Wealth Shield ETF Stock Performance

The stock has a market capitalization of $1.60 billion, a P/E ratio of 24.42 and a beta of 0.14. The firm has a fifty day moving average price of $34.15 and a two-hundred day moving average price of $33.82.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in shares of Innovator Defined Wealth Shield ETF by 46,021.3% in the fourth quarter. JPMorgan Chase & Co. now owns 4,025,929 shares of the company’s stock worth $134,909,000 after purchasing an additional 4,017,200 shares during the period. Wealthquest Corp lifted its stake in shares of 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 valued at $108,216,000 after buying an additional 871,138 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in Innovator Defined Wealth Shield ETF by 4.8% in the 4th quarter. Osaic Holdings Inc. now owns 2,441,139 shares of the company’s stock worth $81,802,000 after buying an additional 111,344 shares during the period. Raymond James Financial Inc. increased its stake in Innovator Defined Wealth Shield ETF by 24.5% in the 3rd quarter. Raymond James Financial Inc. now owns 2,104,517 shares of the company’s stock worth $69,070,000 after buying an additional 413,938 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in Innovator Defined Wealth Shield ETF by 4.1% during the first quarter. Cetera Investment Advisers now owns 1,592,364 shares of the company’s stock valued at $53,288,000 after acquiring an additional 63,395 shares during the period.

About Innovator Defined Wealth Shield ETF

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.