Innovator U.S. Equity Power Buffer ETF – June (BATS:PJUN) Hits New 1-Year High – Should You Buy?

Shares of Innovator U.S. Equity Power Buffer ETF – June (BATS:PJUN) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $40.39 and last traded at $41.20, with a volume of 14619 shares changing hands. The stock had previously closed at $40.33.

Innovator U.S. Equity Power Buffer ETF – June Stock Up 2.6%

The stock has a market capitalization of $754.54 million, a price-to-earnings ratio of 24.61 and a beta of 0.44. The company has a 50 day simple moving average of $41.07 and a 200-day simple moving average of $39.90.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PJUN. Clay Northam Wealth Management LLC raised its position in shares of Innovator U.S. Equity Power Buffer ETF – June by 4.1% during the second quarter. Clay Northam Wealth Management LLC now owns 6,960 shares of the company’s stock worth $277,000 after purchasing an additional 275 shares during the period. Commonwealth Equity Services LLC increased its stake in Innovator U.S. Equity Power Buffer ETF – June by 274.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,670,634 shares of the company’s stock valued at $66,424,000 after purchasing an additional 1,224,248 shares in the last quarter. Truist Financial Corp raised its holdings in Innovator U.S. Equity Power Buffer ETF – June by 4.9% during the second quarter. Truist Financial Corp now owns 178,359 shares of the company’s stock worth $7,092,000 after buying an additional 8,357 shares during the last quarter. IFP Advisors Inc lifted its stake in shares of Innovator U.S. Equity Power Buffer ETF – June by 32.4% in the second quarter. IFP Advisors Inc now owns 43,123 shares of the company’s stock valued at $1,715,000 after buying an additional 10,549 shares in the last quarter. Finally, LPL Financial LLC grew its holdings in shares of Innovator U.S. Equity Power Buffer ETF – June by 131.0% during the first quarter. LPL Financial LLC now owns 178,233 shares of the company’s stock valued at $6,596,000 after buying an additional 101,086 shares during the last quarter.

Innovator U.S. Equity Power Buffer ETF – June Company Profile

The Innovator S&P 500 Power Buffer ETF – New (PJUN) is an exchange-traded fund that is based on the S&P 500 Price Return index. The fund aims for specific buffered losses and capped gains on the S&P 500 over a specific holdings period. The actively-managed fund holds options and collateral. PJUN was launched on Jun 3, 2019 and is managed by Innovator.