Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) Shares Down 4.8%

Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) shares dropped 4.8% during trading on Tuesday . The company traded as low as $43.87 and last traded at $43.95. Approximately 4,766 shares traded hands during trading, a decline of 30% from the average daily volume of 6,834 shares. The stock had previously closed at $46.19.

Innovator Deepwater Frontier Tech ETF Trading Down 4.8 %

The stock has a market capitalization of $52.74 million, a P/E ratio of 41.76 and a beta of 1.61. The business has a fifty day simple moving average of $45.63 and a 200 day simple moving average of $46.17.

Institutional Investors Weigh In On Innovator Deepwater Frontier Tech ETF

A number of institutional investors and hedge funds have recently bought and sold shares of LOUP. Commonwealth Equity Services LLC lifted its position 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 buying an additional 293 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its holdings in Innovator Deepwater Frontier Tech ETF by 11.1% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 10,000 shares of the company’s stock worth $438,000 after acquiring an additional 1,000 shares during the period. Epiq Partners LLC lifted its holdings 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 acquiring an additional 4,200 shares during the period. Finally, Tradition Wealth Management LLC grew its stake in Innovator Deepwater Frontier Tech ETF by 3.7% in the 4th quarter. Tradition Wealth Management LLC now owns 196,228 shares of the company’s stock valued at $8,594,000 after purchasing an additional 6,980 shares during the period.

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.