Innovator IBD 50 ETF (NYSEARCA:FFTY) Trading Down 0.7%

Innovator IBD 50 ETF (NYSEARCA:FFTY) shares dropped 0.7% on Monday . The stock traded as low as $26.31 and last traded at $26.46. Approximately 186,060 shares were traded during mid-day trading, an increase of 100% from the average daily volume of 93,050 shares. The stock had previously closed at $26.65.

Innovator IBD 50 ETF Trading Down 0.7 %

The company has a fifty day moving average of $27.91 and a two-hundred day moving average of $27.03. The stock has a market capitalization of $85.99 million, a price-to-earnings ratio of 18.67 and a beta of 1.50.

Institutional Investors Weigh In On Innovator IBD 50 ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC bought a new position in Innovator IBD 50 ETF in the 4th quarter worth approximately $594,000. Sowell Financial Services LLC bought a new position in Innovator IBD 50 ETF in the 4th quarter worth approximately $1,783,000. Del Sette Capital Management LLC increased its position in Innovator IBD 50 ETF by 4.3% in the 4th quarter. Del Sette Capital Management LLC now owns 97,734 shares of the company’s stock worth $2,382,000 after buying an additional 4,003 shares during the period. IronBridge Private Wealth LLC increased its position in Innovator IBD 50 ETF by 3.2% in the 4th quarter. IronBridge Private Wealth LLC now owns 280,555 shares of the company’s stock worth $6,837,000 after buying an additional 8,795 shares during the period. Finally, Hollencrest Capital Management increased its position in Innovator IBD 50 ETF by 139.1% in the 1st quarter. Hollencrest Capital Management now owns 2,307 shares of the company’s stock worth $64,000 after buying an additional 1,342 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.