Gradient Investments LLC Sells 320,301 Shares of Innovator Gradient Tactical Rotation Strategy ETF $IGTR

Gradient Investments LLC cut its stake in shares of Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR) by 15.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,714,366 shares of the company’s stock after selling 320,301 shares during the period. Gradient Investments LLC owned about 0.84% of Innovator Gradient Tactical Rotation Strategy ETF worth $48,103,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Susquehanna International Group LLP boosted its position in shares of Innovator Gradient Tactical Rotation Strategy ETF by 68.3% in the third quarter. Susquehanna International Group LLP now owns 98,484 shares of the company’s stock valued at $2,602,000 after acquiring an additional 39,972 shares during the period. Bank of America Corp DE purchased a new position in Innovator Gradient Tactical Rotation Strategy ETF during the third quarter valued at approximately $128,000. Accurate Wealth Management LLC bought a new stake in Innovator Gradient Tactical Rotation Strategy ETF during the 3rd quarter worth approximately $384,000. Finally, Jane Street Group LLC increased its holdings in Innovator Gradient Tactical Rotation Strategy ETF by 31.2% during the 2nd quarter. Jane Street Group LLC now owns 18,177 shares of the company’s stock worth $448,000 after acquiring an additional 4,319 shares during the period.

Innovator Gradient Tactical Rotation Strategy ETF Stock Performance

Shares of IGTR stock opened at $27.58 on Monday. Innovator Gradient Tactical Rotation Strategy ETF has a 52-week low of $22.07 and a 52-week high of $30.98. The business’s fifty day moving average is $29.35 and its 200 day moving average is $27.89. The company has a market capitalization of $53.78 million, a PE ratio of 18.93 and a beta of 0.74.

Innovator Gradient Tactical Rotation Strategy ETF Dividend Announcement

The company also recently disclosed an annual dividend, which was paid on Friday, January 2nd. Stockholders of record on Wednesday, December 31st were issued a $0.2241 dividend. This represents a dividend yield of 80.0%. The ex-dividend date was Wednesday, December 31st.

Innovator Gradient Tactical Rotation Strategy ETF Profile

The Innovator Gradient Tactical Rotation Strategy ETF (IGTR) is an exchange-traded fund that is based on the S&P Global BMI – USD index. The fund is an actively managed fund that uses a proprietary, rules-based approach to toggle investments among various equity markets and cash. The funds tactical strategy determines investments based on momentum. IGTR was launched on Nov 17, 2022 and is managed by Innovator.