Gradient Investments LLC lessened its stake in Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR – Free Report) by 6.2% in the second quarter, Holdings Channel reports. The institutional investor owned 1,462,256 shares of the company’s stock after selling 97,278 shares during the quarter. Gradient Investments LLC owned 0.84% of Innovator Gradient Tactical Rotation Strategy ETF worth $49,678,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Royal Bank of Canada boosted its stake in Innovator Gradient Tactical Rotation Strategy ETF by 58.5% during the 4th quarter. Royal Bank of Canada now owns 1,330 shares of the company’s stock valued at $37,000 after acquiring an additional 491 shares during the last quarter. Bank of America Corp DE bought a new stake in shares of Innovator Gradient Tactical Rotation Strategy ETF in the 3rd quarter worth about $128,000. Jane Street Group LLC increased its position in shares of Innovator Gradient Tactical Rotation Strategy ETF by 31.2% in the 2nd quarter. Jane Street Group LLC now owns 18,177 shares of the company’s stock worth $448,000 after purchasing an additional 4,319 shares during the last quarter. Finally, Susquehanna International Group LLP raised its stake in shares of Innovator Gradient Tactical Rotation Strategy ETF by 68.3% in the 3rd quarter. Susquehanna International Group LLP now owns 98,484 shares of the company’s stock valued at $2,602,000 after purchasing an additional 39,972 shares in the last quarter.
Innovator Gradient Tactical Rotation Strategy ETF Stock Performance
Shares of Innovator Gradient Tactical Rotation Strategy ETF stock opened at $33.30 on Friday. Innovator Gradient Tactical Rotation Strategy ETF has a 1 year low of $24.15 and a 1 year high of $36.47. The firm’s 50-day simple moving average is $33.38 and its 200-day simple moving average is $31.10. The firm has a market cap of $21.64 million, a PE ratio of 18.93 and a beta of 0.78.
Innovator Gradient Tactical Rotation Strategy ETF Company Profile
The Innovator Gradient Tactical Rotation Strategy ETF (IGTR) is an exchange-traded fund that is based on the S&P Global BMI – USD index. The fund is an actively managed fund that uses a proprietary, rules-based approach to toggle investments among various equity markets and cash. The funds tactical strategy determines investments based on momentum. IGTR was launched on Nov 17, 2022 and is managed by Innovator.
Recommended Stories
- Five stocks we like better than Innovator Gradient Tactical Rotation Strategy ETF
- Datadog’s Drop Says More About Expectations Than Earnings
- D-Wave’s Quantum Breakthrough Couldn’t Save QBTS From a Sell-Off
- Cloudflare’s Beat-and-Raise Quarter Puts Its AI Edge Story in Focus
- Solventum Nears Inflection Point As It Begins to Unlock Value
Want to see what other hedge funds are holding IGTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR – Free Report).
Receive News & Ratings for Innovator Gradient Tactical Rotation Strategy ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Innovator Gradient Tactical Rotation Strategy ETF and related companies with MarketBeat.com's FREE daily email newsletter.
