Innovator Defined Wealth Shield ETF (BATS:BALT) Hits New 1-Year High – Here’s Why

Innovator Defined Wealth Shield ETF (BATS:BALT)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $34.00 and last traded at $34.00, with a volume of 100 shares changing hands. The stock had previously closed at $33.72.

Innovator Defined Wealth Shield ETF Price Performance

The company has a 50-day moving average price of $33.67 and a 200 day moving average price of $33.19. The firm has a market capitalization of $1.56 billion, a PE ratio of 24.42 and a beta of 0.14.

Hedge Funds Weigh In On Innovator Defined Wealth Shield ETF

Several hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its stake in Innovator Defined Wealth Shield ETF by 46,021.3% in the 4th quarter. JPMorgan Chase & Co. now owns 4,025,929 shares of the company’s stock worth $134,909,000 after purchasing an additional 4,017,200 shares in the last quarter. Reliant Wealth Planning raised its holdings in shares of Innovator Defined Wealth Shield ETF by 2,527.0% in the third quarter. Reliant Wealth Planning now owns 957,346 shares of the company’s stock worth $31,420,000 after buying an additional 920,903 shares during the last quarter. Lee Johnson Capital Management LLC acquired a new stake in shares of Innovator Defined Wealth Shield ETF during the third quarter worth $27,714,000. Foundations Investment Advisors LLC lifted its stake in shares of Innovator Defined Wealth Shield ETF by 129.2% during the fourth quarter. Foundations Investment Advisors LLC now owns 1,226,639 shares of the company’s stock worth $41,105,000 after buying an additional 691,493 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in shares of Innovator Defined Wealth Shield ETF by 29.8% during the second quarter. Osaic Holdings Inc. now owns 2,306,222 shares of the company’s stock valued at $73,983,000 after buying an additional 529,782 shares during the last quarter.

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.