Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV) Reaches New 1-Year High – Still a Buy?

Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $43.19 and last traded at $43.18, with a volume of 5786 shares changing hands. The stock had previously closed at $43.06.

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

The stock’s 50-day simple moving average is $41.82 and its 200-day simple moving average is $41.72. The firm has a market capitalization of $730.90 million, a PE ratio of 24.05 and a beta of 0.45.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Apollon Wealth Management LLC increased its position in Innovator U.S. Equity Power Buffer ETF – November by 105.0% during the 1st quarter. Apollon Wealth Management LLC now owns 49,769 shares of the company’s stock valued at $2,034,000 after purchasing an additional 25,491 shares during the period. Patriot Financial Group Insurance Agency LLC grew its holdings in shares of Innovator U.S. Equity Power Buffer ETF – November by 101.7% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 72,088 shares of the company’s stock worth $2,946,000 after acquiring an additional 36,350 shares during the period. Janney Montgomery Scott LLC grew its holdings in shares of Innovator U.S. Equity Power Buffer ETF – November by 7.9% during the 1st quarter. Janney Montgomery Scott LLC now owns 32,560 shares of the company’s stock worth $1,330,000 after acquiring an additional 2,381 shares during the period. Berkshire Money Management Inc. grew its holdings in shares of Innovator U.S. Equity Power Buffer ETF – November by 4,944.0% during the 1st quarter. Berkshire Money Management Inc. now owns 598,778 shares of the company’s stock worth $24,466,000 after acquiring an additional 586,907 shares during the period. Finally, Forty three Eighteen Advisors LLC purchased a new position in shares of Innovator U.S. Equity Power Buffer ETF – November during the 4th quarter worth approximately $469,000.

Innovator U.S. Equity Power Buffer ETF – November Company Profile

The Innovator U.S. Equity Power Buffer ETF – November (PNOV) 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. PNOV was launched on Nov 1, 2019 and is managed by Innovator.