Innovator U.S. Equity Power Buffer ETF – August (BATS:PAUG) Hits New 52-Week High – Still a Buy?

Innovator U.S. Equity Power Buffer ETF – August (BATS:PAUG)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $45.15 and last traded at $45.15, with a volume of 3592 shares changing hands. The stock had previously closed at $45.01.

Innovator U.S. Equity Power Buffer ETF – August Price Performance

The firm’s 50 day moving average is $43.82 and its two-hundred day moving average is $43.42. The firm has a market capitalization of $875.13 million, a P/E ratio of 24.79 and a beta of 0.48.

Hedge Funds Weigh In On Innovator U.S. Equity Power Buffer ETF – August

Several hedge funds and other institutional investors have recently made changes to their positions in PAUG. Key Capital Management INC bought a new position in shares of Innovator U.S. Equity Power Buffer ETF – August in the fourth quarter valued at $47,000. Triumph Capital Management bought a new position in shares of Innovator U.S. Equity Power Buffer ETF – August in the third quarter valued at $67,000. JPMorgan Chase & Co. grew its stake in shares of Innovator U.S. Equity Power Buffer ETF – August by 15.4% in the second quarter. JPMorgan Chase & Co. now owns 1,859 shares of the company’s stock valued at $75,000 after buying an additional 248 shares in the last quarter. Creative Financial Designs Inc. ADV grew its stake in shares of Innovator U.S. Equity Power Buffer ETF – August by 13.1% in the third quarter. Creative Financial Designs Inc. ADV now owns 2,375 shares of the company’s stock valued at $101,000 after buying an additional 275 shares in the last quarter. Finally, Barclays PLC bought a new position in Innovator U.S. Equity Power Buffer ETF – August during the fourth quarter worth $201,000.

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

The Innovator U.S. Equity Power Buffer ETF – August (PAUG) 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. PAUG was launched on Aug 1, 2019 and is managed by Innovator.