Innovator Defined Wealth Shield ETF (BATS:BALT) Sets New 12-Month High – Should You Buy?

Innovator Defined Wealth Shield ETF (BATS:BALT) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $34.81 and last traded at $34.8150, with a volume of 86533 shares trading hands. The stock had previously closed at $34.74.

Innovator Defined Wealth Shield ETF Stock Up 0.2%

The business has a fifty day moving average of $34.50 and a 200 day moving average of $34.09. The company has a market cap of $1.62 billion, a P/E ratio of 24.42 and a beta of 0.14.

Institutional Investors Weigh In On Innovator Defined Wealth Shield ETF

Several institutional investors and hedge funds have recently modified their holdings of BALT. Sound Income Strategies LLC bought a new stake in shares of Innovator Defined Wealth Shield ETF during the 1st quarter valued at about $28,000. Motiv8 Investments LLC purchased a new stake in Innovator Defined Wealth Shield ETF in the fourth quarter worth about $44,000. Waverly Advisors LLC purchased a new stake in Innovator Defined Wealth Shield ETF in the first quarter worth about $68,000. Noble Wealth Management PBC boosted its position in Innovator Defined Wealth Shield ETF by 18.4% during the 2nd quarter. Noble Wealth Management PBC now owns 2,250 shares of the company’s stock valued at $77,000 after acquiring an additional 350 shares in the last quarter. Finally, Continuum Advisory LLC bought a new stake in Innovator Defined Wealth Shield ETF during the 2nd quarter valued at approximately $179,000.

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.