Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Reaches New 12-Month High – Should You Buy?

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $42.37 and last traded at $42.3990, with a volume of 1912 shares traded. The stock had previously closed at $42.13.

Innovator U.S. Equity Power Buffer ETF – May Trading Up 0.6%

The stock has a market capitalization of $713.52 million, a P/E ratio of 23.79 and a beta of 0.44. The stock’s 50 day simple moving average is $41.87 and its 200 day simple moving average is $41.08.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC raised its position in Innovator U.S. Equity Power Buffer ETF – May by 4.0% during the second quarter. Sequoia Financial Advisors LLC now owns 12,743 shares of the company’s stock valued at $526,000 after buying an additional 493 shares during the period. Integrated Wealth Concepts LLC boosted its position in Innovator U.S. Equity Power Buffer ETF – May by 8.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 6,515 shares of the company’s stock worth $269,000 after acquiring an additional 500 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in Innovator U.S. Equity Power Buffer ETF – May by 19.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 6,274 shares of the company’s stock valued at $248,000 after acquiring an additional 1,026 shares in the last quarter. Continuum Advisory LLC purchased a new position in Innovator U.S. Equity Power Buffer ETF – May during the 2nd quarter valued at about $65,000. Finally, Yarger Wealth Strategies LLC increased its holdings in shares of Innovator U.S. Equity Power Buffer ETF – May by 2.8% in the 2nd quarter. Yarger Wealth Strategies LLC now owns 63,165 shares of the company’s stock valued at $2,628,000 after purchasing an additional 1,697 shares during the period.

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.