NewEdge Wealth LLC Invests $840,000 in Innovator Equity Managed Floor ETF $SFLR

NewEdge Wealth LLC acquired a new position in shares of Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 23,714 shares of the company’s stock, valued at approximately $840,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kellett Wealth Advisors LLC raised its holdings in Innovator Equity Managed Floor ETF by 0.6% in the 4th quarter. Kellett Wealth Advisors LLC now owns 54,227 shares of the company’s stock worth $1,999,000 after acquiring an additional 343 shares during the period. Quantinno Capital Management LP lifted its position in Innovator Equity Managed Floor ETF by 3.8% during the 2nd quarter. Quantinno Capital Management LP now owns 13,263 shares of the company’s stock worth $445,000 after acquiring an additional 486 shares during the last quarter. ATX Financial Planning LLC boosted its holdings in Innovator Equity Managed Floor ETF by 0.3% during the first quarter. ATX Financial Planning LLC now owns 206,074 shares of the company’s stock valued at $7,297,000 after acquiring an additional 548 shares during the period. HFG Wealth Management LLC boosted its holdings in Innovator Equity Managed Floor ETF by 0.3% during the fourth quarter. HFG Wealth Management LLC now owns 172,485 shares of the company’s stock valued at $6,358,000 after acquiring an additional 566 shares during the period. Finally, Concorde Asset Management LLC boosted its holdings in Innovator Equity Managed Floor ETF by 0.7% during the fourth quarter. Concorde Asset Management LLC now owns 87,680 shares of the company’s stock valued at $3,232,000 after acquiring an additional 611 shares during the period.

Innovator Equity Managed Floor ETF Stock Performance

Shares of NYSEARCA:SFLR opened at $38.14 on Tuesday. The stock’s 50-day moving average is $38.47 and its 200-day moving average is $37.31. The company has a market cap of $2.10 billion, a P/E ratio of 26.45 and a beta of 0.69. Innovator Equity Managed Floor ETF has a 52-week low of $33.49 and a 52-week high of $40.12.

About Innovator Equity Managed Floor ETF

The Innovator Equity Managed Floor ETF (SFLR) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide capital appreciation by holding a portfolio of large-cap US stocks while hedging the downside risk using a laddered options strategy. The fund utilizes four, one-year FLEX options packages with staggered 3-month expiration dates to target a maximum loss of approximately 10% on a rolling 12-month basis. SFLR was launched on Nov 8, 2022 and is managed by Innovator.