Innovator Defined Wealth Shield ETF (BATS:BALT) Reaches New 1-Year High – Still a Buy?

Innovator Defined Wealth Shield ETF (BATS:BALT) shares reached a new 52-week high on Wednesday . The company traded as high as $33.82 and last traded at $33.7850, with a volume of 10132 shares. The stock had previously closed at $33.77.

Innovator Defined Wealth Shield ETF Stock Performance

The company’s 50 day moving average price is $33.60 and its 200 day moving average price is $33.12. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 24.42 and a beta of 0.14.

Institutional Trading of Innovator Defined Wealth Shield ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. GGM Financials LLC bought a new stake in shares of Innovator Defined Wealth Shield ETF in the 3rd quarter valued at about $33,000. Motiv8 Investments LLC acquired a new position in Innovator Defined Wealth Shield ETF in the 4th quarter worth $44,000. Caitlin John LLC acquired a new stake in Innovator Defined Wealth Shield ETF in the 3rd quarter valued at approximately $78,000. Geneos Wealth Management Inc. bought a new stake in shares of Innovator Defined Wealth Shield ETF in the third quarter worth $90,000. Finally, NWF Advisory Services Inc. acquired a new position in shares of Innovator Defined Wealth Shield ETF during the 3rd quarter worth about $201,000.

About Innovator Defined Wealth Shield ETF

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.