Innovator IBD 50 ETF (NYSEARCA:FFTY) Trading Down 1.3% – Time to Sell?

Innovator IBD 50 ETF (NYSEARCA:FFTY) was down 1.3% during trading on Tuesday . The company traded as low as $36.72 and last traded at $37.74. Approximately 45,398 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 103,058 shares. The stock had previously closed at $38.23.

Innovator IBD 50 ETF Price Performance

The stock has a 50-day moving average price of $36.55 and a 200-day moving average price of $36.51. The company has a market capitalization of $90.58 million, a P/E ratio of 30.34 and a beta of 1.35.

Innovator IBD 50 ETF Announces Dividend

The company also recently declared an annual dividend, which was paid on Friday, January 2nd. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.469 per share. The ex-dividend date was Wednesday, December 31st. This represents a yield of 135.0%.

Institutional Investors Weigh In On Innovator IBD 50 ETF

Large investors have recently modified their holdings of the company. Kestra Advisory Services LLC bought a new position in Innovator IBD 50 ETF during the fourth quarter worth $72,000. Jane Street Group LLC bought a new position in shares of Innovator IBD 50 ETF in the 4th quarter worth about $282,000. HRT Financial LP acquired a new position in shares of Innovator IBD 50 ETF in the 4th quarter valued at about $507,000. Janney Montgomery Scott LLC lifted its stake in shares of Innovator IBD 50 ETF by 137.3% in the 4th quarter. Janney Montgomery Scott LLC now owns 15,310 shares of the company’s stock valued at $533,000 after purchasing an additional 8,857 shares during the period. Finally, Simplex Trading LLC bought a new stake in shares of Innovator IBD 50 ETF during the 4th quarter valued at about $41,000.

Innovator IBD 50 ETF Company Profile

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.