Wedbush Securities Inc. Invests $367,000 in Innovator Defined Wealth Shield ETF $BALT

Wedbush Securities Inc. purchased a new stake in shares of Innovator Defined Wealth Shield ETF (BATS:BALT) during the second quarter, Holdings Channel reports. The institutional investor purchased 11,450 shares of the company’s stock, valued at approximately $367,000.

Several other large investors have also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new position in Innovator Defined Wealth Shield ETF during the 1st quarter valued at about $42,000. Hazlett Burt & Watson Inc. boosted its holdings in Innovator Defined Wealth Shield ETF by 69.3% in the second quarter. Hazlett Burt & Watson Inc. now owns 1,287 shares of the company’s stock worth $42,000 after purchasing an additional 527 shares in the last quarter. Larson Financial Group LLC acquired a new position in shares of Innovator Defined Wealth Shield ETF during the 1st quarter valued at about $60,000. IFP Advisors Inc bought a new position in shares of Innovator Defined Wealth Shield ETF in the first quarter valued at approximately $102,000. Finally, Alaska Permanent Capital Management LLC bought a new position in Innovator Defined Wealth Shield ETF in the 2nd quarter worth $167,000.

Innovator Defined Wealth Shield ETF Trading Up 7.0%

BALT opened at $33.08 on Wednesday. The stock has a market capitalization of $1.54 billion, a price-to-earnings ratio of 24.42 and a beta of 0.14. The business has a 50 day moving average of $32.84 and a 200-day moving average of $32.36. Innovator Defined Wealth Shield ETF has a 1-year low of $29.35 and a 1-year high of $32.34.

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.