Sagespring Wealth Partners LLC Invests $787,000 in Innovator Equity Managed Floor ETF $SFLR

Sagespring Wealth Partners LLC purchased a new stake in shares of Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 21,832 shares of the company’s stock, valued at approximately $787,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. GWN Securities Inc. raised its stake in Innovator Equity Managed Floor ETF by 0.7% during the third quarter. GWN Securities Inc. now owns 51,155 shares of the company’s stock worth $1,844,000 after purchasing an additional 333 shares during the period. CGN Advisors LLC increased its holdings in shares of Innovator Equity Managed Floor ETF by 2.0% during the 3rd quarter. CGN Advisors LLC now owns 22,126 shares of the company’s stock worth $797,000 after buying an additional 425 shares during the last quarter. Lifeworks Advisors LLC raised its position in shares of Innovator Equity Managed Floor ETF by 1.5% during the 2nd quarter. Lifeworks Advisors LLC now owns 32,070 shares of the company’s stock valued at $1,077,000 after buying an additional 477 shares during the period. Quantinno Capital Management LP raised its position in shares of 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 valued at $445,000 after buying an additional 486 shares during the period. Finally, Freedom Investment Management Inc. lifted its holdings in Innovator Equity Managed Floor ETF by 1.9% in the second quarter. Freedom Investment Management Inc. now owns 34,554 shares of the company’s stock valued at $1,160,000 after acquiring an additional 651 shares during the last quarter.

Innovator Equity Managed Floor ETF Stock Performance

Shares of Innovator Equity Managed Floor ETF stock opened at $37.13 on Tuesday. The stock has a 50 day moving average of $36.82 and a 200 day moving average of $35.94. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 26.45 and a beta of 0.72. Innovator Equity Managed Floor ETF has a fifty-two week low of $29.14 and a fifty-two week high of $37.47.

Innovator Equity Managed Floor ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Wednesday, December 31st were given a dividend of $0.0221 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Wednesday, December 31st.

Innovator Equity Managed Floor ETF Company Profile

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.