Innovator IBD 50 ETF (NYSEARCA:FFTY) Trading Up 1.9% – Still a Buy?

Innovator IBD 50 ETF (NYSEARCA:FFTY)’s share price traded up 1.9% during mid-day trading on Monday . The stock traded as high as $28.41 and last traded at $28.34. 91,472 shares changed hands during trading, a decline of 21% from the average session volume of 115,649 shares. The stock had previously closed at $27.81.

Innovator IBD 50 ETF Price Performance

The company’s 50-day moving average price is $29.60 and its two-hundred day moving average price is $28.96. The company has a market capitalization of $68.02 million, a price-to-earnings ratio of 33.68 and a beta of 1.24.

Hedge Funds Weigh In On Innovator IBD 50 ETF

Several institutional investors have recently added to or reduced their stakes in FFTY. IHT Wealth Management LLC increased its stake in shares of Innovator IBD 50 ETF by 70.8% in 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 in the last quarter. Jane Street Group LLC increased its stake in Innovator IBD 50 ETF by 51.5% in the third quarter. Jane Street Group LLC now owns 49,781 shares of the company’s stock valued at $1,339,000 after purchasing an additional 16,912 shares in the last quarter. Comprehensive Financial Planning Inc. PA bought a new position in shares of Innovator IBD 50 ETF during the 4th quarter worth about $437,000. Raymond James Financial Inc. acquired a new stake in shares of Innovator IBD 50 ETF in the 4th quarter valued at about $284,000. Finally, Tower Research Capital LLC TRC increased its position in Innovator IBD 50 ETF by 47.2% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,225 shares of the company’s stock valued at $435,000 after buying an additional 4,883 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.