Gradient Investments LLC Sells 320,301 Shares of Innovator Gradient Tactical Rotation Strategy ETF $IGTR

Gradient Investments LLC reduced its stake in Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR) by 15.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,714,366 shares of the company’s stock after selling 320,301 shares during the quarter. Gradient Investments LLC owned 83.63% of Innovator Gradient Tactical Rotation Strategy ETF worth $48,103,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in IGTR. Jane Street Group LLC raised its position in Innovator Gradient Tactical Rotation Strategy ETF by 31.2% in the second quarter. Jane Street Group LLC now owns 18,177 shares of the company’s stock worth $448,000 after acquiring an additional 4,319 shares during the period. Accurate Wealth Management LLC bought a new position in shares of Innovator Gradient Tactical Rotation Strategy ETF during the 3rd quarter valued at approximately $384,000. Bank of America Corp DE purchased a new stake in shares of Innovator Gradient Tactical Rotation Strategy ETF during the 3rd quarter worth approximately $128,000. Finally, Susquehanna International Group LLP increased its stake in shares of Innovator Gradient Tactical Rotation Strategy ETF by 68.3% during the 3rd quarter. Susquehanna International Group LLP now owns 98,484 shares of the company’s stock worth $2,602,000 after purchasing an additional 39,972 shares during the last quarter.

Innovator Gradient Tactical Rotation Strategy ETF Trading Down 3.0%

NYSEARCA:IGTR opened at $27.58 on Monday. Innovator Gradient Tactical Rotation Strategy ETF has a 12 month low of $22.07 and a 12 month high of $30.98. The firm’s 50 day moving average is $29.35 and its 200 day moving average is $27.89. The stock has a market capitalization of $53.78 million, a PE ratio of 18.93 and a beta of 0.74.

Innovator Gradient Tactical Rotation Strategy ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Friday, January 2nd. Shareholders of record on Wednesday, December 31st were paid a $0.2241 dividend. The ex-dividend date was Wednesday, December 31st. This represents a dividend yield of 80.0%.

Innovator Gradient Tactical Rotation Strategy ETF Company Profile

The Innovator Gradient Tactical Rotation Strategy ETF (IGTR) is an exchange-traded fund that is based on the S&P Global BMI – USD index. The fund is an actively managed fund that uses a proprietary, rules-based approach to toggle investments among various equity markets and cash. The funds tactical strategy determines investments based on momentum. IGTR was launched on Nov 17, 2022 and is managed by Innovator.