Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP) Hits New 52-Week High – Time to Buy?

Shares of Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP) reached a new 52-week high on Tuesday . The company traded as high as $45.26 and last traded at $45.24, with a volume of 25103 shares trading hands. The stock had previously closed at $45.11.

Innovator U.S. Equity Power Buffer ETF – September Stock Up 0.3%

The stock has a 50 day simple moving average of $43.90 and a two-hundred day simple moving average of $43.67. The stock has a market capitalization of $807.53 million, a P/E ratio of 25.05 and a beta of 0.48.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PSEP. CoreCap Advisors LLC boosted its stake in shares of Innovator U.S. Equity Power Buffer ETF – September by 24.9% during the 3rd quarter. CoreCap Advisors LLC now owns 125,970 shares of the company’s stock worth $5,410,000 after acquiring an additional 25,085 shares during the period. Catalina Capital Group LLC bought a new position in shares of Innovator U.S. Equity Power Buffer ETF – September during the 3rd quarter worth approximately $1,919,000. Commonwealth Equity Services LLC boosted its stake in shares of Innovator U.S. Equity Power Buffer ETF – September by 88.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,129,685 shares of the company’s stock worth $48,520,000 after acquiring an additional 529,547 shares during the period. Blair William & Co. IL boosted its stake in shares of Innovator U.S. Equity Power Buffer ETF – September by 267.3% during the 3rd quarter. Blair William & Co. IL now owns 104,304 shares of the company’s stock worth $4,480,000 after acquiring an additional 75,905 shares during the period. Finally, Nations Financial Group Inc. IA ADV boosted its stake in shares of Innovator U.S. Equity Power Buffer ETF – September by 33.2% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 53,807 shares of the company’s stock worth $2,311,000 after acquiring an additional 13,402 shares during the period.

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

The Innovator S&P 500 Power Buffer ETF – September (PSEP) 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. PSEP was launched on Sep 3, 2019 and is managed by Innovator.