Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) Shares Down 1.3% – Should You Sell?

Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) traded down 1.3% on Tuesday . The stock traded as low as $75.20 and last traded at $76.05. 8,505 shares traded hands during trading, a decline of 29% from the average session volume of 12,046 shares. The stock had previously closed at $77.09.

Innovator Deepwater Frontier Tech ETF Stock Performance

The firm has a market cap of $133.09 million, a PE ratio of 34.62 and a beta of 1.37. The firm has a fifty day simple moving average of $68.56 and a two-hundred day simple moving average of $58.86.

Hedge Funds Weigh In On Innovator Deepwater Frontier Tech ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. AE Wealth Management LLC purchased a new position in shares of Innovator Deepwater Frontier Tech ETF in the 2nd quarter worth approximately $34,000. Capital Investment Advisory Services LLC boosted its holdings in shares of Innovator Deepwater Frontier Tech ETF by 40.0% in the 1st quarter. Capital Investment Advisory Services LLC now owns 1,602 shares of the company’s stock worth $73,000 after purchasing an additional 458 shares during the period. FAS Wealth Partners Inc. purchased a new position in shares of Innovator Deepwater Frontier Tech ETF in the 2nd quarter worth approximately $209,000. Dorsey & Whitney Trust CO LLC purchased a new position in shares of Innovator Deepwater Frontier Tech ETF in the 2nd quarter worth approximately $250,000. Finally, Flow Traders U.S. LLC purchased a new position in shares of Innovator Deepwater Frontier Tech ETF in the 2nd quarter worth approximately $1,281,000.

Innovator Deepwater Frontier Tech ETF Company Profile

The Innovator Loup Frontier Tech ETF (LOUP) is an exchange-traded fund that is based on the Loup Frontier Tech index. The fund tracks an index of developed- and emerging-market stocks that are influencing the future of technology. Holdings are selected by fundamental criteria and equally weighted in two tiers.