Innovator IBD 50 ETF (NYSEARCA:FFTY) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Innovator IBD 50 ETF (NYSEARCA:FFTYGet Free Report)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $28.00 and traded as high as $31.61. Innovator IBD 50 ETF shares last traded at $31.38, with a volume of 158,045 shares traded.

Innovator IBD 50 ETF Stock Performance

The company has a 50 day moving average of $28.09 and a two-hundred day moving average of $27.34. The stock has a market capitalization of $101.50 million, a PE ratio of 18.67 and a beta of 1.50.

Hedge Funds Weigh In On Innovator IBD 50 ETF

Several hedge funds have recently modified their holdings of the stock. Del Sette Capital Management LLC grew its position in Innovator IBD 50 ETF by 114.8% during the 2nd 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 during the last quarter. Great Valley Advisor Group Inc. purchased a new stake in shares of Innovator IBD 50 ETF during the second quarter valued at $1,422,000. IHT Wealth Management LLC grew its holdings in shares of 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 valued at $1,784,000 after buying an additional 27,637 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Innovator IBD 50 ETF by 2,590.0% in the 3rd quarter. International Assets Investment Management LLC now owns 26,900 shares of the company’s stock valued at $724,000 after acquiring an additional 25,900 shares during the period. Finally, Jane Street Group LLC raised 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.

Innovator IBD 50 ETF Company Profile

(Get Free Report)

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.

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