Innovator IBD 50 ETF (NYSEARCA:FFTY) Trading Up 1% – What’s Next?

Innovator IBD 50 ETF (NYSEARCA:FFTY)’s share price rose 1% during mid-day trading on Thursday . The company traded as high as $30.86 and last traded at $30.79. Approximately 99,586 shares changed hands 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 Performance

The company’s 50-day moving average is $29.66 and its 200-day moving average is $27.77. The firm has a market cap of $97.31 million, a price-to-earnings ratio of 18.67 and a beta of 1.50.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC increased its stake in Innovator IBD 50 ETF by 2,590.0% in the third quarter. International Assets Investment Management LLC now owns 26,900 shares of the company’s stock valued at $724,000 after purchasing an additional 25,900 shares in the last quarter. IHT Wealth Management LLC lifted its holdings in Innovator IBD 50 ETF by 70.8% during the third quarter. IHT Wealth Management LLC now owns 66,688 shares of the company’s stock worth $1,784,000 after acquiring an additional 27,637 shares in the last quarter. Cowa LLC acquired a new position in Innovator IBD 50 ETF in the second quarter valued at about $266,000. Del Sette Capital Management LLC increased its holdings in shares of Innovator IBD 50 ETF by 114.8% in the second quarter. Del Sette Capital Management LLC now owns 233,088 shares of the company’s stock worth $6,473,000 after acquiring an additional 124,582 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of Innovator IBD 50 ETF by 51.5% during the third quarter. Jane Street Group LLC now owns 49,781 shares of the company’s stock worth $1,339,000 after purchasing an additional 16,912 shares during the period.

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.