Innovator Defined Wealth Shield ETF (BATS:BALT) Hits New 52-Week High – Here’s Why

Innovator Defined Wealth Shield ETF (BATS:BALT) hit a new 52-week high on Tuesday . The stock traded as high as $34.22 and last traded at $34.19, with a volume of 47104 shares changing hands. The stock had previously closed at $34.17.

Innovator Defined Wealth Shield ETF Price Performance

The firm’s fifty day moving average price is $33.92 and its two-hundred day moving average price is $33.65. The stock has a market cap of $1.59 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

Several institutional investors have recently made changes to their positions in BALT. Bison Wealth LLC raised its holdings in shares of Innovator Defined Wealth Shield ETF by 73.5% during the fourth quarter. Bison Wealth LLC now owns 41,232 shares of the company’s stock valued at $1,296,000 after purchasing an additional 17,464 shares during the period. AQR Capital Management LLC acquired a new stake in shares of Innovator Defined Wealth Shield ETF in the 1st quarter worth about $347,000. Jane Street Group LLC acquired a new stake in shares of Innovator Defined Wealth Shield ETF in the 1st quarter worth about $1,036,000. NewEdge Advisors LLC raised its holdings in shares of Innovator Defined Wealth Shield ETF by 105.2% in the 2nd quarter. NewEdge Advisors LLC now owns 97,208 shares of the company’s stock worth $3,118,000 after acquiring an additional 49,841 shares during the last quarter. Finally, Ausdal Financial Partners Inc. raised its holdings in shares of Innovator Defined Wealth Shield ETF by 18.1% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 34,396 shares of the company’s stock worth $1,103,000 after acquiring an additional 5,274 shares during 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.