Innovator IBD 50 ETF (NYSEARCA:FFTY) Stock Price Down 0.8% – Time to Sell?

Shares of Innovator IBD 50 ETF (NYSEARCA:FFTY) dropped 0.8% on Monday . The company traded as low as $34.34 and last traded at $34.35. Approximately 84,788 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 144,093 shares. The stock had previously closed at $34.62.

Innovator IBD 50 ETF Price Performance

The stock has a market capitalization of $91.88 million, a PE ratio of 30.34 and a beta of 1.35. The company has a 50 day moving average price of $36.87 and a 200-day moving average price of $35.01.

Institutional Investors Weigh In On Innovator IBD 50 ETF

A number of large investors have recently modified their holdings of FFTY. Advisory Services Network LLC bought a new stake in Innovator IBD 50 ETF during the 3rd quarter valued at approximately $43,000. Farther Finance Advisors LLC purchased a new position in Innovator IBD 50 ETF during the second quarter valued at $57,000. Miracle Mile Advisors LLC bought a new stake in shares of Innovator IBD 50 ETF during the 3rd quarter valued at $280,000. Roman Butler Fullerton & Co. bought a new position in shares of Innovator IBD 50 ETF in the 3rd quarter worth about $292,000. Finally, Brookwood Investment Group LLC purchased a new position in Innovator IBD 50 ETF during the 2nd quarter valued at about $300,000.

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.