Innovator IBD 50 ETF (NYSEARCA:FFTY) Shares Up 3.9% – Here’s What Happened

Innovator IBD 50 ETF (NYSEARCA:FFTY) rose 3.9% during trading on Monday . The company traded as high as $34.38 and last traded at $34.38. Approximately 204,959 shares traded hands during mid-day trading, an increase of 78% from the average daily volume of 115,135 shares. The stock had previously closed at $33.09.

Innovator IBD 50 ETF Price Performance

The stock’s fifty day moving average price is $31.89 and its 200 day moving average price is $29.58. The stock has a market capitalization of $85.95 million, a P/E ratio of 30.34 and a beta of 1.14.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Brookwood Investment Group LLC bought a new position in shares of Innovator IBD 50 ETF in the second quarter worth about $300,000. Atria Wealth Solutions Inc. bought a new position in Innovator IBD 50 ETF during the 2nd quarter worth about $976,000. Synergy Asset Management LLC bought a new position in Innovator IBD 50 ETF during the 2nd quarter worth about $1,956,000. Farther Finance Advisors LLC bought a new position in Innovator IBD 50 ETF during the 2nd quarter worth about $57,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Innovator IBD 50 ETF by 4.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 28,399 shares of the company’s stock worth $927,000 after acquiring an additional 1,238 shares in the last quarter.

About Innovator IBD 50 ETF

The Innovator IBD 50 ETF (FFTY) is an exchange-traded fund that is based on the IBD 50 index. The fund tracks an index of 50 US-listed stocks with aggressive growth characteristics. Holdings are selected based on fundamental and technical rankings FFTY was launched on Apr 9, 2015 and is managed by Innovator.