Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Sets New 52-Week High – Still a Buy?

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) shares hit a new 52-week high on Wednesday . The stock traded as high as $41.72 and last traded at $41.72, with a volume of 300 shares traded. The stock had previously closed at $40.84.

Innovator U.S. Equity Power Buffer ETF – May Stock Up 2.2%

The stock’s 50 day moving average is $40.27 and its 200-day moving average is $39.79. The company has a market cap of $702.15 million, a PE ratio of 23.79 and a beta of 0.44.

Institutional Trading of Innovator U.S. Equity Power Buffer ETF – May

Several hedge funds have recently made changes to their positions in the business. Alliancebernstein L.P. lifted its holdings in shares of Innovator U.S. Equity Power Buffer ETF – May by 28.2% in the 2nd quarter. Alliancebernstein L.P. now owns 3,546,015 shares of the company’s stock valued at $133,998,000 after acquiring an additional 779,446 shares during the last quarter. Focus Partners Wealth increased its stake in Innovator U.S. Equity Power Buffer ETF – May by 367.6% during the fourth 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 raised its position in Innovator U.S. Equity Power Buffer ETF – May by 3,126.8% during the fourth quarter. Keystone Wealth Services LLC now owns 243,492 shares of the company’s stock valued at $10,595,000 after purchasing an additional 235,946 shares during the period. Raymond James Financial Inc. raised its position in Innovator U.S. Equity Power Buffer ETF – May by 26.7% during the second quarter. Raymond James Financial Inc. now owns 507,341 shares of the company’s stock valued at $19,172,000 after purchasing an additional 106,807 shares during the period. Finally, Independent Financial Group LLC bought a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May in the 1st quarter valued at approximately $3,386,000.

About Innovator U.S. Equity Power Buffer ETF – May

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.