Belpointe Asset Management LLC Invests $5.66 Million in Innovator Defined Wealth Shield ETF $BALT

Belpointe Asset Management LLC bought a new stake in shares of Innovator Defined Wealth Shield ETF (BATS:BALT) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 172,407 shares of the company’s stock, valued at approximately $5,658,000. Belpointe Asset Management LLC owned about 0.37% of Innovator Defined Wealth Shield ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of BALT. Hazlett Burt & Watson Inc. increased its holdings 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 acquiring an additional 527 shares during the period. Geneos Wealth Management Inc. bought a new position in Innovator Defined Wealth Shield ETF in the 3rd quarter worth about $90,000. Alaska Permanent Capital Management LLC bought a new position in Innovator Defined Wealth Shield ETF in the 2nd quarter worth about $167,000. NWF Advisory Services Inc. acquired a new stake in shares of Innovator Defined Wealth Shield ETF in the third quarter valued at approximately $201,000. Finally, NBT Bank N A NY bought a new stake in shares of Innovator Defined Wealth Shield ETF during the second quarter valued at approximately $201,000.

Innovator Defined Wealth Shield ETF Price Performance

Shares of BALT stock opened at $33.70 on Tuesday. Innovator Defined Wealth Shield ETF has a 12-month low of $29.35 and a 12-month high of $32.34. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 24.42 and a beta of 0.14. The business has a 50 day simple moving average of $33.36 and a 200 day simple moving average of $32.91.

Innovator Defined Wealth Shield ETF 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.