Innovator U.S. Equity Power Buffer ETF – April (BATS:PAPR) Sets New 52-Week High – Here’s Why

Shares of Innovator U.S. Equity Power Buffer ETF – April (BATS:PAPR) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $39.72 and last traded at $39.63, with a volume of 3542 shares traded. The stock had previously closed at $39.52.

Innovator U.S. Equity Power Buffer ETF – April Trading Up 0.4%

The stock has a 50-day moving average price of $39.42 and a 200 day moving average price of $38.94. The stock has a market capitalization of $898.30 million, a price-to-earnings ratio of 24.09 and a beta of 0.43.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAPR. Alliancebernstein L.P. grew its holdings in shares of Innovator U.S. Equity Power Buffer ETF – April by 0.6% during the second quarter. Alliancebernstein L.P. now owns 2,319,292 shares of the company’s stock worth $86,486,000 after buying an additional 14,223 shares in the last quarter. Penserra Capital Management LLC raised its holdings in Innovator U.S. Equity Power Buffer ETF – April by 1.7% in the 3rd quarter. Penserra Capital Management LLC now owns 1,577,609 shares of the company’s stock valued at $60,517,000 after acquiring an additional 25,775 shares during the last quarter. Osaic Holdings Inc. lifted its stake in Innovator U.S. Equity Power Buffer ETF – April by 51.5% in the 2nd quarter. Osaic Holdings Inc. now owns 829,207 shares of the company’s stock worth $30,921,000 after purchasing an additional 282,012 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Innovator U.S. Equity Power Buffer ETF – April by 20.2% in the second quarter. Raymond James Financial Inc. now owns 403,459 shares of the company’s stock valued at $15,045,000 after purchasing an additional 67,796 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Innovator U.S. Equity Power Buffer ETF – April by 4.1% in the third quarter. Envestnet Asset Management Inc. now owns 366,391 shares of the company’s stock valued at $14,055,000 after purchasing an additional 14,272 shares during the last quarter.

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.