Gradient Investments LLC Sells 584,626 Shares of Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR)

Gradient Investments LLC reduced its stake in shares of Innovator Gradient Tactical Rotation Strategy ETF (NYSEARCA:IGTR) by 11.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,682,613 shares of the company’s stock after selling 584,626 shares during the quarter. Innovator Gradient Tactical Rotation Strategy ETF accounts for approximately 2.3% of Gradient Investments LLC’s holdings, making the stock its 3rd largest holding. Gradient Investments LLC owned about 69.89% of Innovator Gradient Tactical Rotation Strategy ETF worth $114,907,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mattson Financial Services LLC acquired a new position in shares of Innovator Gradient Tactical Rotation Strategy ETF during the second quarter worth $109,000. Paladin Wealth LLC purchased a new position in Innovator Gradient Tactical Rotation Strategy ETF in the 3rd quarter valued at about $301,000. Brown Financial Advisors purchased a new position in Innovator Gradient Tactical Rotation Strategy ETF in the 2nd quarter valued at about $304,000. Copley Financial Group Inc. acquired a new stake in shares of Innovator Gradient Tactical Rotation Strategy ETF during the third quarter valued at about $3,500,000. Finally, Orion Portfolio Solutions LLC increased its position in shares of Innovator Gradient Tactical Rotation Strategy ETF by 11.5% during the third quarter. Orion Portfolio Solutions LLC now owns 156,629 shares of the company’s stock worth $4,435,000 after acquiring an additional 16,166 shares during the last quarter.

Innovator Gradient Tactical Rotation Strategy ETF Stock Performance

Shares of IGTR opened at $25.43 on Friday. Innovator Gradient Tactical Rotation Strategy ETF has a one year low of $24.12 and a one year high of $28.63. The stock has a 50-day moving average price of $25.36 and a 200 day moving average price of $26.69. The company has a market capitalization of $170.38 million, a P/E ratio of 22.91 and a beta of 0.91.

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.