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

Innovator U.S. Equity Power Buffer ETF – April (BATS:PAPR)’s share price reached a new 52-week high on Monday . The company traded as high as $39.60 and last traded at $39.53, with a volume of 1895 shares. The stock had previously closed at $39.40.

Innovator U.S. Equity Power Buffer ETF – April Trading Up 0.3%

The company’s fifty day simple moving average is $39.36 and its 200 day simple moving average is $38.84. The stock has a market capitalization of $895.58 million, a P/E ratio of 24.09 and a beta of 0.43.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. boosted its position in shares of Innovator U.S. Equity Power Buffer ETF – April by 0.6% during the 2nd quarter. Alliancebernstein L.P. now owns 2,319,292 shares of the company’s stock valued at $86,486,000 after acquiring an additional 14,223 shares during the last quarter. Penserra Capital Management LLC raised its stake in Innovator U.S. Equity Power Buffer ETF – April by 1.7% in the third quarter. Penserra Capital Management LLC now owns 1,577,609 shares of the company’s stock valued at $60,517,000 after purchasing an additional 25,775 shares in the last quarter. Osaic Holdings Inc. raised its stake in Innovator U.S. Equity Power Buffer ETF – April by 51.5% in the second quarter. Osaic Holdings Inc. now owns 829,207 shares of the company’s stock valued at $30,921,000 after purchasing an additional 282,012 shares in the last quarter. Raymond James Financial Inc. lifted its position in Innovator U.S. Equity Power Buffer ETF – April by 20.2% during the second quarter. Raymond James Financial Inc. now owns 403,459 shares of the company’s stock valued at $15,045,000 after purchasing an additional 67,796 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its position in Innovator U.S. Equity Power Buffer ETF – April by 4.1% during the third quarter. Envestnet Asset Management Inc. now owns 366,391 shares of the company’s stock valued at $14,055,000 after purchasing an additional 14,272 shares during the last quarter.

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

The Innovator S&P 500 Power Buffer ETF – April New (PAPR) 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. PAPR was launched on Apr 1, 2019 and is managed by Innovator.