Gradient Investments LLC Buys 33,492 Shares of Innovator Deepwater Frontier Tech ETF $LOUP

Gradient Investments LLC boosted its position in shares of Innovator Deepwater Frontier Tech ETF (NYSEARCA:LOUP) by 13.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 279,217 shares of the company’s stock after acquiring an additional 33,492 shares during the quarter. Gradient Investments LLC owned 0.13% of Innovator Deepwater Frontier Tech ETF worth $21,335,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of LOUP. Mariner LLC raised its position in shares of Innovator Deepwater Frontier Tech ETF by 15.0% during the 3rd quarter. Mariner LLC now owns 4,642 shares of the company’s stock valued at $343,000 after purchasing an additional 604 shares during the period. Comerica Bank increased its stake in Innovator Deepwater Frontier Tech ETF by 50.0% in the 3rd quarter. Comerica Bank now owns 3,000 shares of the company’s stock worth $222,000 after buying an additional 1,000 shares in the last quarter. Elmwood Wealth Management Inc. raised its holdings in Innovator Deepwater Frontier Tech ETF by 1.4% during the third quarter. Elmwood Wealth Management Inc. now owns 90,447 shares of the company’s stock valued at $6,682,000 after acquiring an additional 1,243 shares during the period. Triumph Capital Management purchased a new position in shares of Innovator Deepwater Frontier Tech ETF in the third quarter valued at about $157,000. Finally, Epiq Partners LLC boosted its stake in shares of Innovator Deepwater Frontier Tech ETF by 2.8% in the third quarter. Epiq Partners LLC now owns 79,915 shares of the company’s stock worth $5,904,000 after acquiring an additional 2,179 shares during the period.

Innovator Deepwater Frontier Tech ETF Trading Down 3.6%

NYSEARCA:LOUP opened at $69.76 on Monday. The stock has a 50-day moving average price of $76.37 and a 200 day moving average price of $76.43. The stock has a market capitalization of $153.47 million, a P/E ratio of 34.62 and a beta of 1.55. Innovator Deepwater Frontier Tech ETF has a 12-month low of $37.23 and a 12-month high of $83.56.

Innovator Deepwater Frontier Tech ETF 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. LOUP was launched on Jul 25, 2018 and is managed by Innovator.