Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) Trading Down 0.8% – Time to Sell?

Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP)’s stock price traded down 0.8% on Tuesday . The stock traded as low as $55.53 and last traded at $55.68. 5,332 shares were traded during mid-day trading, a decline of 12% from the average session volume of 6,074 shares. The stock had previously closed at $56.14.

Innovator Deepwater Frontier Tech ETF Stock Performance

The business’s 50 day moving average price is $50.26 and its 200 day moving average price is $47.43. The firm has a market cap of $66.82 million, a price-to-earnings ratio of 41.76 and a beta of 1.61.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Elmwood Wealth Management Inc. grew its holdings in shares of Innovator Deepwater Frontier Tech ETF by 220.7% during the 3rd quarter. Elmwood Wealth Management Inc. now owns 42,284 shares of the company’s stock worth $2,013,000 after purchasing an additional 29,098 shares during the period. Jane Street Group LLC raised its holdings in shares of Innovator Deepwater Frontier Tech ETF by 50.5% in the 3rd quarter. Jane Street Group LLC now owns 50,484 shares of the company’s stock valued at $2,403,000 after purchasing an additional 16,933 shares in the last quarter. Tradition Wealth Management LLC boosted its position in shares of Innovator Deepwater Frontier Tech ETF by 3.5% during the 3rd quarter. Tradition Wealth Management LLC now owns 191,245 shares of the company’s stock worth $9,103,000 after acquiring an additional 6,554 shares in the last quarter. Epiq Partners LLC increased its stake in Innovator Deepwater Frontier Tech ETF by 5.4% in the second quarter. Epiq Partners LLC now owns 82,184 shares of the company’s stock valued at $3,911,000 after purchasing an additional 4,200 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Innovator Deepwater Frontier Tech ETF by 3.1% during the 2nd quarter. Commonwealth Equity Services LLC now owns 9,849 shares of the company’s stock worth $469,000 after acquiring an additional 293 shares in the last quarter.

Innovator Deepwater Frontier Tech ETF Company Profile

The Innovator Loup Frontier Tech ETF (LOUP) is an exchange-traded fund that is based on the Loup Frontier Tech index. The fund tracks an index of developed- and emerging-market stocks that are influencing the future of technology. Holdings are selected by fundamental criteria and equally weighted in two tiers.