Innovator IBD 50 ETF (NYSEARCA:FFTY) Shares Down 0.8% – Time to Sell?

Innovator IBD 50 ETF (NYSEARCA:FFTY)’s stock price traded down 0.8% during mid-day trading on Monday . The stock traded as low as $34.34 and last traded at $34.35. 84,788 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 144,093 shares. The stock had previously closed at $34.62.

Innovator IBD 50 ETF Stock Down 0.8%

The firm has a market cap of $94.46 million, a P/E ratio of 30.34 and a beta of 1.35. The business has a fifty day moving average of $37.10 and a 200 day moving average of $34.99.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Del Sette Capital Management LLC increased its holdings in shares of Innovator IBD 50 ETF by 4.6% during the 3rd quarter. Del Sette Capital Management LLC now owns 21,475 shares of the company’s stock worth $802,000 after acquiring an additional 951 shares during the last quarter. Advisory Services Network LLC bought a new position in Innovator IBD 50 ETF during the third quarter worth $43,000. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Innovator IBD 50 ETF by 4.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 28,399 shares of the company’s stock valued at $927,000 after purchasing an additional 1,238 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of Innovator IBD 50 ETF by 11.8% in the second quarter. NewEdge Advisors LLC now owns 12,694 shares of the company’s stock valued at $412,000 after purchasing an additional 1,338 shares during the last quarter. Finally, Farther Finance Advisors LLC bought a new position in shares of Innovator IBD 50 ETF in the second quarter valued at about $57,000.

About Innovator IBD 50 ETF

The Innovator IBD 50 ETF (FFTY) is an exchange-traded fund that is based on the IBD 50 index. The fund tracks an index of 50 US-listed stocks with aggressive growth characteristics. Holdings are selected based on fundamental and technical rankings FFTY was launched on Apr 9, 2015 and is managed by Innovator.