Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Hits New 52-Week High – Time to Buy?

Shares of Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $39.96 and last traded at $39.8560, with a volume of 1582 shares. The stock had previously closed at $39.91.

Innovator U.S. Equity Power Buffer ETF – May Price Performance

The business has a 50-day moving average of $39.71 and a 200 day moving average of $39.14. The company has a market cap of $670.34 million, a PE ratio of 23.79 and a beta of 0.44.

Hedge Funds Weigh In On Innovator U.S. Equity Power Buffer ETF – May

A number of institutional investors and hedge funds have recently made changes to their positions in PMAY. Alliancebernstein L.P. increased its holdings in Innovator U.S. Equity Power Buffer ETF – May by 28.2% during the second quarter. Alliancebernstein L.P. now owns 3,546,015 shares of the company’s stock valued at $133,998,000 after buying an additional 779,446 shares during the last quarter. Focus Partners Wealth boosted its stake in shares of Innovator U.S. Equity Power Buffer ETF – May by 367.6% during the 4th quarter. Focus Partners Wealth now owns 365,330 shares of the company’s stock worth $14,463,000 after acquiring an additional 287,204 shares during the last quarter. Keystone Wealth Services LLC grew its position in shares of Innovator U.S. Equity Power Buffer ETF – May by 3,126.8% during the 4th quarter. Keystone Wealth Services LLC now owns 243,492 shares of the company’s stock valued at $10,595,000 after acquiring an additional 235,946 shares during the period. Penserra Capital Management LLC increased its stake in shares of Innovator U.S. Equity Power Buffer ETF – May by 14.1% in the 2nd quarter. Penserra Capital Management LLC now owns 1,546,071 shares of the company’s stock worth $58,423,000 after purchasing an additional 190,840 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in Innovator U.S. Equity Power Buffer ETF – May by 26.7% in the 2nd quarter. Raymond James Financial Inc. now owns 507,341 shares of the company’s stock worth $19,172,000 after purchasing an additional 106,807 shares during the period.

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

The Innovator S&P 500 Power Buffer ETF – May (PMAY) 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. PMAY was launched on May 1, 2020 and is managed by Innovator.