Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) Shares Down 2.2%

Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP)’s share price dropped 2.2% during mid-day trading on Monday . The stock traded as low as $45.05 and last traded at $45.34. Approximately 4,317 shares traded hands during mid-day trading, a decline of 52% from the average daily volume of 9,020 shares. The stock had previously closed at $46.36.

Innovator Deepwater Frontier Tech ETF Stock Down 1.5 %

The stock has a market cap of $50.65 million, a price-to-earnings ratio of 43.32 and a beta of 1.37. The company’s 50-day simple moving average is $46.84 and its 200-day simple moving average is $42.25.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Creative Financial Designs Inc. ADV grew its position in Innovator Deepwater Frontier Tech ETF by 29.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 1,050 shares of the company’s stock worth $46,000 after purchasing an additional 240 shares in the last quarter. LPL Financial LLC boosted its position in Innovator Deepwater Frontier Tech ETF by 10.0% in the second quarter. LPL Financial LLC now owns 8,729 shares of the company’s stock valued at $345,000 after buying an additional 797 shares in the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in Innovator Deepwater Frontier Tech ETF by 11.1% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 10,000 shares of the company’s stock valued at $438,000 after buying an additional 1,000 shares in the last quarter. UBS Group AG boosted its position in Innovator Deepwater Frontier Tech ETF by 54.7% in the first quarter. UBS Group AG now owns 3,076 shares of the company’s stock valued at $109,000 after buying an additional 1,088 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its position in Innovator Deepwater Frontier Tech ETF by 38.4% in the first quarter. Susquehanna International Group LLP now owns 11,843 shares of the company’s stock valued at $420,000 after buying an additional 3,289 shares in the last quarter.

About Innovator Deepwater Frontier Tech ETF

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.