Gradient Investments LLC Invests $17.22 Million in Innovator Defined Wealth Shield ETF (BATS:BALT)

Gradient Investments LLC purchased a new stake in shares of Innovator Defined Wealth Shield ETF (BATS:BALT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 548,162 shares of the company’s stock, valued at approximately $17,223,000.

Several other institutional investors also recently modified their holdings of BALT. Legacy Investment Solutions LLC bought a new position in Innovator Defined Wealth Shield ETF during the 3rd quarter valued at about $83,000. Continuum Wealth Advisors LLC purchased a new position in shares of Innovator Defined Wealth Shield ETF during the third quarter valued at approximately $200,000. Souders Financial Advisors bought a new position in Innovator Defined Wealth Shield ETF during the second quarter valued at approximately $218,000. D.B. Root & Company LLC purchased a new stake in Innovator Defined Wealth Shield ETF in the fourth quarter worth approximately $231,000. Finally, Gladstone Institutional Advisory LLC bought a new stake in Innovator Defined Wealth Shield ETF in the 3rd quarter worth approximately $234,000.

Innovator Defined Wealth Shield ETF Price Performance

BATS BALT opened at $31.72 on Friday. The company has a market cap of $690.00 million, a PE ratio of 21.98 and a beta of 0.18. The company’s fifty day moving average price is $31.44 and its two-hundred day moving average price is $30.88.

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.