Innovator Defined Wealth Shield ETF (BATS:BALT) Reaches New 12-Month High – Here’s Why

Innovator Defined Wealth Shield ETF (BATS:BALT)’s share price reached a new 52-week high on Wednesday . The company traded as high as $34.85 and last traded at $34.7550, with a volume of 29880 shares trading hands. The stock had previously closed at $34.78.

Innovator Defined Wealth Shield ETF Stock Performance

The firm has a market capitalization of $1.61 billion, a P/E ratio of 24.42 and a beta of 0.14. The stock has a 50 day moving average of $34.55 and a 200-day moving average of $34.12.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of BALT. Kingsview Wealth Management LLC boosted its position in shares of Innovator Defined Wealth Shield ETF by 19.1% in the 4th quarter. Kingsview Wealth Management LLC now owns 1,007,223 shares of the company’s stock worth $33,752,000 after purchasing an additional 161,394 shares in the last quarter. Foundations Investment Advisors LLC boosted its holdings in Innovator Defined Wealth Shield ETF by 129.2% in the fourth quarter. Foundations Investment Advisors LLC now owns 1,226,639 shares of the company’s stock worth $41,105,000 after acquiring an additional 691,493 shares in the last quarter. Triad Wealth Partners LLC grew its stake in shares of Innovator Defined Wealth Shield ETF by 45.9% during the first quarter. Triad Wealth Partners LLC now owns 142,586 shares of the company’s stock worth $4,772,000 after acquiring an additional 44,841 shares during the last quarter. NewCorp Financial Services Inc. acquired a new position in shares of Innovator Defined Wealth Shield ETF during the fourth quarter valued at about $2,752,000. Finally, World Investment Advisors boosted its stake in Innovator Defined Wealth Shield ETF by 194.9% in the 4th quarter. World Investment Advisors now owns 334,786 shares of the company’s stock worth $11,219,000 after purchasing an additional 221,247 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.