Innovator U.S. Equity Power Buffer ETF – April (BATS:PAPR) Sets New 52-Week High – Should You Buy?

Innovator U.S. Equity Power Buffer ETF – April (BATS:PAPR)’s share price reached a new 52-week high during trading on Wednesday. The company traded as high as $43.50 and last traded at $43.44, with a volume of 6,984 shares. The stock had previously closed at $43.41.

Innovator U.S. Equity Power Buffer ETF – April Stock Performance

The company has a market cap of $983.92 million, a price-to-earnings ratio of 24.09 and a beta of 0.43. The company’s fifty day moving average is $43.14 and its two-hundred day moving average is $41.52.

Institutional Investors Weigh In On Innovator U.S. Equity Power Buffer ETF – April

Several hedge funds have recently added to or reduced their stakes in PAPR. Apollon Wealth Management LLC boosted its stake in shares of Innovator U.S. Equity Power Buffer ETF – April by 0.7% in the first quarter. Apollon Wealth Management LLC now owns 39,071 shares of the company’s stock worth $1,555,000 after buying an additional 256 shares during the last quarter. WealthPLAN Partners LLC boosted its position in Innovator U.S. Equity Power Buffer ETF – April by 12.6% in the 1st quarter. WealthPLAN Partners LLC now owns 16,141 shares of the company’s stock worth $642,000 after purchasing an additional 1,800 shares in the last quarter. Bellwether Advisors LLC grew its stake in shares of Innovator U.S. Equity Power Buffer ETF – April by 1.0% during the 1st quarter. Bellwether Advisors LLC now owns 211,427 shares of the company’s stock worth $8,415,000 after purchasing an additional 2,079 shares during the period. Arkadios Wealth Advisors increased its holdings in shares of Innovator U.S. Equity Power Buffer ETF – April by 29.7% during the 1st quarter. Arkadios Wealth Advisors now owns 20,352 shares of the company’s stock valued at $810,000 after purchasing an additional 4,660 shares in the last quarter. Finally, Catalina Capital Group LLC acquired a new position in shares of Innovator U.S. Equity Power Buffer ETF – April in the 1st quarter valued at $202,000.

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

The Innovator S&P 500 Power Buffer ETF – April New (PAPR) 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. PAPR was launched on Apr 1, 2019 and is managed by Innovator.