Summit Wealth Partners LLC Invests $510,000 in Innovator Defined Wealth Shield ETF $BALT

Summit Wealth Partners LLC purchased a new stake in shares of Innovator Defined Wealth Shield ETF (BATS:BALT) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 15,226 shares of the company’s stock, valued at approximately $510,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Kure Advisory LLC lifted its position in Innovator Defined Wealth Shield ETF by 3.3% in the 1st quarter. Kure Advisory LLC now owns 711,047 shares of the company’s stock valued at $23,795,000 after acquiring an additional 23,035 shares in the last quarter. Lee Johnson Capital Management LLC increased its holdings in shares of Innovator Defined Wealth Shield ETF by 70.7% in the 1st quarter. Lee Johnson Capital Management LLC now owns 1,402,959 shares of the company’s stock worth $46,950,000 after purchasing an additional 580,979 shares in the last quarter. Cambridge Advisors Inc. increased its holdings in shares of Innovator Defined Wealth Shield ETF by 4.7% in the 1st quarter. Cambridge Advisors Inc. now owns 10,004 shares of the company’s stock worth $335,000 after purchasing an additional 450 shares in the last quarter. Ballast Rock Private Wealth LLC raised its stake in shares of Innovator Defined Wealth Shield ETF by 50.5% in the first quarter. Ballast Rock Private Wealth LLC now owns 131,547 shares of the company’s stock worth $4,402,000 after purchasing an additional 44,168 shares during the last quarter. Finally, Triad Wealth Partners LLC raised its stake in shares of Innovator Defined Wealth Shield ETF by 45.9% in the first quarter. Triad Wealth Partners LLC now owns 142,586 shares of the company’s stock worth $4,772,000 after purchasing an additional 44,841 shares during the last quarter.

Innovator Defined Wealth Shield ETF Price Performance

Shares of BATS:BALT opened at $34.25 on Tuesday. The company has a market cap of $1.59 billion, a P/E ratio of 24.42 and a beta of 0.14. Innovator Defined Wealth Shield ETF has a 1 year low of $32.00 and a 1 year high of $34.25. The stock’s fifty day moving average price is $34.05 and its 200-day moving average price is $33.73.

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.