Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) Stock Price Down 0.8% – Here’s What Happened

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

Innovator Deepwater Frontier Tech ETF Trading Down 0.8 %

The company has a market capitalization of $66.82 million, a PE ratio of 41.76 and a beta of 1.61. The firm has a 50 day simple moving average of $50.26 and a two-hundred day simple moving average of $47.43.

Hedge Funds Weigh In On Innovator Deepwater Frontier Tech ETF

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