Innovator Defined Wealth Shield ETF (BATS:BALT) Reaches New 52-Week High – Time to Buy?

Innovator Defined Wealth Shield ETF (BATS:BALT)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $34.85 and last traded at $34.7550, with a volume of 29880 shares changing hands. The stock had previously closed at $34.78.

Innovator Defined Wealth Shield ETF Stock Down 0.2%

The stock has a fifty day moving average of $34.56 and a 200-day moving average of $34.14. The firm has a market capitalization of $1.61 billion, a P/E ratio of 24.42 and a beta of 0.14.

Hedge Funds Weigh In On Innovator Defined Wealth Shield ETF

Institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC acquired a new position in Innovator Defined Wealth Shield ETF in the 1st quarter valued at $28,000. Motiv8 Investments LLC bought a new position in shares of Innovator Defined Wealth Shield ETF in the fourth quarter worth $44,000. Waverly Advisors LLC bought a new position in shares of Innovator Defined Wealth Shield ETF in the first quarter worth $68,000. Noble Wealth Management PBC raised its stake in Innovator Defined Wealth Shield ETF by 18.4% in the second quarter. Noble Wealth Management PBC now owns 2,250 shares of the company’s stock valued at $77,000 after purchasing an additional 350 shares in the last quarter. Finally, Continuum Advisory LLC acquired a new position in Innovator Defined Wealth Shield ETF in the second quarter valued at about $179,000.

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.