Innovator Defined Wealth Shield ETF (BATS:BALT) Stock Holdings Boosted by Long Island Wealth Management Inc.

Long Island Wealth Management Inc. raised its position in Innovator Defined Wealth Shield ETF (BATS:BALT) by 38.1% during the first quarter, Holdings Channel.com reports. The fund owned 213,755 shares of the company’s stock after purchasing an additional 58,934 shares during the quarter. Innovator Defined Wealth Shield ETF accounts for approximately 4.1% of Long Island Wealth Management Inc.’s investment portfolio, making the stock its 7th largest position. Long Island Wealth Management Inc.’s holdings in Innovator Defined Wealth Shield ETF were worth $6,708,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Financial Designs Corp increased its position in shares of Innovator Defined Wealth Shield ETF by 2.7% during the first quarter. Financial Designs Corp now owns 182,581 shares of the company’s stock valued at $5,729,000 after buying an additional 4,765 shares during the period. Keystone Wealth Services LLC purchased a new stake in Innovator Defined Wealth Shield ETF in the first quarter worth about $1,050,000. Envestnet Asset Management Inc. grew its holdings in Innovator Defined Wealth Shield ETF by 15.3% in the first quarter. Envestnet Asset Management Inc. now owns 1,834,621 shares of the company’s stock worth $57,570,000 after purchasing an additional 244,031 shares during the period. Farther Finance Advisors LLC purchased a new stake in Innovator Defined Wealth Shield ETF in the first quarter worth about $1,549,000. Finally, Focus Financial Network Inc. grew its holdings in Innovator Defined Wealth Shield ETF by 139.5% in the first quarter. Focus Financial Network Inc. now owns 59,914 shares of the company’s stock worth $1,880,000 after purchasing an additional 34,899 shares during the period.

Innovator Defined Wealth Shield ETF Stock Performance

Shares of BALT opened at $32.51 on Thursday. The stock has a market cap of $1.51 billion, a PE ratio of 24.42 and a beta of 0.14. Innovator Defined Wealth Shield ETF has a fifty-two week low of $29.35 and a fifty-two week high of $32.34. The firm’s 50-day simple moving average is $32.19 and its two-hundred day simple moving average is $31.74.

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.