Innovator IBD 50 ETF (NYSEARCA:FFTY) Shares Cross Above 50 Day Moving Average – Time to Sell?

Shares of Innovator IBD 50 ETF (NYSEARCA:FFTY) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $28.00 and traded as high as $31.61. Innovator IBD 50 ETF shares last traded at $31.38, with a volume of 158,045 shares trading hands.

Innovator IBD 50 ETF Stock Up 0.6 %

The firm has a market capitalization of $101.99 million, a PE ratio of 18.67 and a beta of 1.50. The firm’s 50 day moving average price is $28.00 and its two-hundred day moving average price is $27.32.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Jane Street Group LLC boosted its stake in shares of Innovator IBD 50 ETF by 51.5% in the third quarter. Jane Street Group LLC now owns 49,781 shares of the company’s stock valued at $1,339,000 after purchasing an additional 16,912 shares during the period. IHT Wealth Management LLC boosted its stake in shares of Innovator IBD 50 ETF by 70.8% in the third quarter. IHT Wealth Management LLC now owns 66,688 shares of the company’s stock valued at $1,784,000 after purchasing an additional 27,637 shares during the period. Cowa LLC boosted its stake in shares of Innovator IBD 50 ETF by 158.4% in the third quarter. Cowa LLC now owns 24,763 shares of the company’s stock valued at $666,000 after purchasing an additional 15,180 shares during the period. International Assets Investment Management LLC boosted its stake in Innovator IBD 50 ETF by 2,590.0% during the 3rd quarter. International Assets Investment Management LLC now owns 26,900 shares of the company’s stock valued at $724,000 after acquiring an additional 25,900 shares during the last quarter. Finally, Del Sette Capital Management LLC boosted its stake in Innovator IBD 50 ETF by 114.8% during the 2nd quarter. Del Sette Capital Management LLC now owns 233,088 shares of the company’s stock valued at $6,473,000 after acquiring an additional 124,582 shares during the last quarter.

About Innovator IBD 50 ETF

The Innovator IBD 50 ETF (FFTY) is an exchange-traded fund that is based on the IBD 50 index. The fund tracks an index of 50 US-listed stocks with aggressive growth characteristics. Holdings are selected based on fundamental and technical rankings FFTY was launched on Apr 9, 2015 and is managed by Innovator.