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

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY)’s stock price hit a new 52-week high on Friday . The company traded as high as $42.26 and last traded at $42.26, with a volume of 1712 shares changing hands. The stock had previously closed at $42.19.

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

The stock has a fifty day moving average of $41.60 and a 200-day moving average of $40.83. The firm has a market capitalization of $709.72 million, a P/E 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 have recently modified their holdings of the stock. Alliancebernstein L.P. lifted its position in shares of 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 worth $133,998,000 after purchasing an additional 779,446 shares in the last quarter. Focus Partners Wealth raised its position in Innovator U.S. Equity Power Buffer ETF – May by 367.6% in the 4th quarter. Focus Partners Wealth now owns 365,330 shares of the company’s stock worth $14,463,000 after purchasing an additional 287,204 shares during the last quarter. Raymond James Financial Inc. lifted its holdings in Innovator U.S. Equity Power Buffer ETF – May by 26.7% during the 2nd quarter. Raymond James Financial Inc. now owns 507,341 shares of the company’s stock worth $19,172,000 after buying an additional 106,807 shares in the last quarter. Independent Financial Group LLC acquired a new position in Innovator U.S. Equity Power Buffer ETF – May during the 1st quarter worth $3,386,000. Finally, Kestra Advisory Services LLC boosted its position in Innovator U.S. Equity Power Buffer ETF – May by 56.6% in the 1st quarter. Kestra Advisory Services LLC now owns 202,460 shares of the company’s stock valued at $8,086,000 after buying an additional 73,182 shares during the last quarter.

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.