Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Hits New 1-Year High – Time to Buy?

Shares of Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) hit a new 52-week high on Wednesday . The company traded as high as $41.67 and last traded at $41.63, with a volume of 7013 shares changing hands. The stock had previously closed at $41.55.

Innovator U.S. Equity Power Buffer ETF – May Trading Down 0.0%

The firm has a 50 day moving average price of $41.18 and a 200-day moving average price of $40.37. The firm has a market cap of $698.95 million, a price-to-earnings ratio of 23.79 and a beta of 0.44.

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

Several institutional investors and hedge funds have recently modified their holdings of PMAY. Focus Financial Network Inc. grew its position in shares of Innovator U.S. Equity Power Buffer ETF – May by 73.0% in the second quarter. Focus Financial Network Inc. now owns 32,611 shares of the company’s stock valued at $1,347,000 after purchasing an additional 13,761 shares during the last quarter. Castle Rock Wealth Management LLC raised its position in shares of Innovator U.S. Equity Power Buffer ETF – May by 2.5% during the 2nd quarter. Castle Rock Wealth Management LLC now owns 84,527 shares of the company’s stock worth $3,491,000 after purchasing an additional 2,100 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its stake in Innovator U.S. Equity Power Buffer ETF – May by 60.2% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 8,433 shares of the company’s stock valued at $348,000 after buying an additional 3,169 shares in the last quarter. CoreCap Advisors LLC grew its holdings in Innovator U.S. Equity Power Buffer ETF – May by 19.0% during the 2nd quarter. CoreCap Advisors LLC now owns 89,165 shares of the company’s stock valued at $3,683,000 after buying an additional 14,206 shares during the last quarter. Finally, Independent Financial Group LLC acquired a new stake in Innovator U.S. Equity Power Buffer ETF – May during the 1st quarter valued at $3,386,000.

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.