Innovator Defined Wealth Shield ETF (BATS:BALT) Hits New 1-Year High – Should You Buy?

Innovator Defined Wealth Shield ETF (BATS:BALT) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $34.00 and last traded at $34.00, with a volume of 100 shares trading hands. The stock had previously closed at $33.72.

Innovator Defined Wealth Shield ETF Trading Down 0.3%

The company has a 50 day simple moving average of $33.66 and a 200-day simple moving average of $33.17. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 24.42 and a beta of 0.14.

Institutional Trading of Innovator Defined Wealth Shield ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GGM Financials LLC acquired a new position in Innovator Defined Wealth Shield ETF during the third quarter valued at approximately $33,000. Motiv8 Investments LLC acquired a new stake in shares of Innovator Defined Wealth Shield ETF in the 4th quarter valued at approximately $44,000. Caitlin John LLC bought a new position in shares of Innovator Defined Wealth Shield ETF in the third quarter valued at $78,000. Geneos Wealth Management Inc. acquired a new stake in Innovator Defined Wealth Shield ETF in the third quarter valued at $90,000. Finally, NWF Advisory Services Inc. bought a new position in shares of Innovator Defined Wealth Shield ETF in the 3rd quarter valued at 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.