Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) Stock Price Down 1.8% – Here’s Why

Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUPGet Free Report)’s stock price fell 1.8% on Friday . The stock traded as low as $94.28 and last traded at $94.34. Approximately 11,087 shares were traded during trading, a decline of 29% from the average daily volume of 15,587 shares. The stock had previously closed at $96.06.

Innovator Deepwater Frontier Tech ETF Stock Performance

The company has a market capitalization of $221.70 million, a price-to-earnings ratio of 34.62 and a beta of 1.68. The business’s 50-day simple moving average is $92.25 and its 200-day simple moving average is $81.85.

Hedge Funds Weigh In On Innovator Deepwater Frontier Tech ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Paladin Wealth LLC lifted its holdings in Innovator Deepwater Frontier Tech ETF by 6.4% during the second quarter. Paladin Wealth LLC now owns 4,946 shares of the company’s stock worth $487,000 after acquiring an additional 296 shares in the last quarter. Elmwood Wealth Management Inc. lifted its holdings in shares of Innovator Deepwater Frontier Tech ETF by 0.7% during the 2nd quarter. Elmwood Wealth Management Inc. now owns 116,401 shares of the company’s stock valued at $11,472,000 after purchasing an additional 855 shares in the last quarter. Epiq Partners LLC lifted its holdings in shares of Innovator Deepwater Frontier Tech ETF by 5.8% during the 2nd quarter. Epiq Partners LLC now owns 90,924 shares of the company’s stock valued at $8,961,000 after purchasing an additional 4,968 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of Innovator Deepwater Frontier Tech ETF in the 1st quarter valued at approximately $207,000. Finally, 46 Peaks LLC grew its position in shares of Innovator Deepwater Frontier Tech ETF by 10.5% in the 1st quarter. 46 Peaks LLC now owns 13,486 shares of the company’s stock valued at $928,000 after purchasing an additional 1,285 shares during the period.

Innovator Deepwater Frontier Tech ETF Company Profile

(Get Free Report)

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. LOUP was launched on Jul 25, 2018 and is managed by Innovator.

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