Innovator IBD 50 ETF (NYSEARCA:FFTY) Trading 1% Higher – Should You Buy?

Innovator IBD 50 ETF (NYSEARCA:FFTY)’s share price was up 1% during trading on Thursday . The company traded as high as $30.86 and last traded at $30.79. Approximately 99,586 shares were traded during mid-day trading, an increase of 0% from the average daily volume of 99,338 shares. The stock had previously closed at $30.50.

Innovator IBD 50 ETF Stock Down 2.8 %

The stock has a 50 day simple moving average of $29.66 and a 200 day simple moving average of $27.77. The stock has a market cap of $97.31 million, a price-to-earnings ratio of 18.67 and a beta of 1.50.

Institutional Investors Weigh In On Innovator IBD 50 ETF

Several large investors have recently made changes to their positions in FFTY. International Assets Investment Management LLC bought a new position in shares of Innovator IBD 50 ETF in the second quarter worth $28,000. Cowa LLC bought a new stake in Innovator IBD 50 ETF during the second quarter valued at $266,000. Jane Street Group LLC increased its stake in Innovator IBD 50 ETF by 51.5% in the 3rd quarter. Jane Street Group LLC now owns 49,781 shares of the company’s stock worth $1,339,000 after acquiring an additional 16,912 shares during the last quarter. IHT Wealth Management LLC boosted its position in shares of Innovator IBD 50 ETF by 70.8% during the 3rd quarter. IHT Wealth Management LLC now owns 66,688 shares of the company’s stock valued at $1,784,000 after acquiring an additional 27,637 shares during the last quarter. Finally, Del Sette Capital Management LLC grew its holdings in shares of Innovator IBD 50 ETF by 114.8% during the second quarter. Del Sette Capital Management LLC now owns 233,088 shares of the company’s stock worth $6,473,000 after purchasing an additional 124,582 shares in the last quarter.

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.