Innovator IBD 50 ETF (NYSEARCA:FFTY) Shares Cross Above 50 Day Moving Average – Time to Sell?

Shares of Innovator IBD 50 ETF (NYSEARCA:FFTY) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $28.00 and traded as high as $31.61. Innovator IBD 50 ETF shares last traded at $31.38, with a volume of 158,045 shares trading hands.

Innovator IBD 50 ETF Trading Up 0.6 %

The company has a market cap of $101.99 million, a price-to-earnings ratio of 18.67 and a beta of 1.50. The stock’s fifty day simple moving average is $28.00 and its 200 day simple moving average is $27.32.

Institutional Trading of Innovator IBD 50 ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Del Sette Capital Management LLC increased its holdings in shares of Innovator IBD 50 ETF by 114.8% during the 2nd quarter. Del Sette Capital Management LLC now owns 233,088 shares of the company’s stock worth $6,473,000 after buying an additional 124,582 shares during the last quarter. IHT Wealth Management LLC increased its holdings in shares of Innovator IBD 50 ETF by 70.8% during the 3rd quarter. IHT Wealth Management LLC now owns 66,688 shares of the company’s stock worth $1,784,000 after buying an additional 27,637 shares during the last quarter. Great Valley Advisor Group Inc. acquired a new stake in shares of Innovator IBD 50 ETF during the 2nd quarter worth approximately $1,422,000. Jane Street Group LLC increased its holdings in shares of Innovator IBD 50 ETF by 51.5% during the 3rd quarter. Jane Street Group LLC now owns 49,781 shares of the company’s stock worth $1,339,000 after buying an additional 16,912 shares during the last quarter. Finally, International Assets Investment Management LLC increased its holdings in shares of Innovator IBD 50 ETF by 2,590.0% during the 3rd quarter. International Assets Investment Management LLC now owns 26,900 shares of the company’s stock worth $724,000 after buying an additional 25,900 shares during the last quarter.

About Innovator IBD 50 ETF

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.