Innovator Defined Wealth Shield ETF (BATS:BALT) Reaches New 52-Week High – Here’s Why

Innovator Defined Wealth Shield ETF (BATS:BALT)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $34.36 and last traded at $34.36, with a volume of 108434 shares changing hands. The stock had previously closed at $34.30.

Innovator Defined Wealth Shield ETF Stock Performance

The firm has a market capitalization of $1.60 billion, a P/E ratio of 24.42 and a beta of 0.14. The stock’s 50 day simple moving average is $34.17 and its 200 day simple moving average is $33.83.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of BALT. JPMorgan Chase & Co. raised its position in Innovator Defined Wealth Shield ETF by 46,021.3% during the 4th quarter. JPMorgan Chase & Co. now owns 4,025,929 shares of the company’s stock valued at $134,909,000 after purchasing an additional 4,017,200 shares in the last quarter. Reliant Wealth Planning increased its stake in shares of Innovator Defined Wealth Shield ETF by 2,527.0% during the third quarter. Reliant Wealth Planning now owns 957,346 shares of the company’s stock valued at $31,420,000 after buying an additional 920,903 shares during the period. Wealthquest Corp raised its holdings in shares of Innovator Defined Wealth Shield ETF by 36.9% in the first quarter. Wealthquest Corp now owns 3,233,718 shares of the company’s stock valued at $108,216,000 after acquiring an additional 871,138 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in Innovator Defined Wealth Shield ETF by 129.2% in the fourth quarter. Foundations Investment Advisors LLC now owns 1,226,639 shares of the company’s stock worth $41,105,000 after acquiring an additional 691,493 shares during the period. Finally, Lee Johnson Capital Management LLC lifted its stake in Innovator Defined Wealth Shield ETF by 70.7% in the first quarter. Lee Johnson Capital Management LLC now owns 1,402,959 shares of the company’s stock worth $46,950,000 after acquiring an additional 580,979 shares during the period.

About Innovator Defined Wealth Shield ETF

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.