Brookstone Capital Management Increases Stock Holdings in Innovator Defined Wealth Shield ETF $BALT

Brookstone Capital Management raised its stake in shares of Innovator Defined Wealth Shield ETF (BATS:BALT) by 20.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 771,556 shares of the company’s stock after purchasing an additional 131,497 shares during the quarter. Brookstone Capital Management owned approximately 1.66% of Innovator Defined Wealth Shield ETF worth $25,322,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. lifted its position in shares of Innovator Defined Wealth Shield ETF by 69.3% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,287 shares of the company’s stock worth $42,000 after purchasing an additional 527 shares during the period. Northwestern Mutual Wealth Management Co. bought a new position in Innovator Defined Wealth Shield ETF in the first quarter worth about $42,000. Alaska Permanent Capital Management LLC purchased a new stake in Innovator Defined Wealth Shield ETF in the second quarter worth about $167,000. Mattson Financial Services LLC purchased a new stake in Innovator Defined Wealth Shield ETF in the first quarter worth about $176,000. Finally, NBT Bank N A NY bought a new stake in Innovator Defined Wealth Shield ETF during the 2nd quarter valued at approximately $201,000.

Innovator Defined Wealth Shield ETF Stock Performance

BALT stock opened at $33.46 on Thursday. Innovator Defined Wealth Shield ETF has a fifty-two week low of $29.35 and a fifty-two week high of $32.34. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of 24.42 and a beta of 0.14. The business’s 50 day moving average price is $33.08 and its two-hundred day moving average price is $32.66.

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.