Innovator Power Buffer Step-Up Strategy ETF $PSTP Shares Sold by Sunbelt Securities Inc.

Sunbelt Securities Inc. trimmed its holdings in Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) by 9.3% in the first quarter, Holdings Channel.com reports. The institutional investor owned 327,142 shares of the company’s stock after selling 33,352 shares during the quarter. Innovator Power Buffer Step-Up Strategy ETF makes up 0.7% of Sunbelt Securities Inc.’s holdings, making the stock its 21st biggest holding. Sunbelt Securities Inc. owned approximately 0.09% of Innovator Power Buffer Step-Up Strategy ETF worth $11,277,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of PSTP. Allworth Financial LP acquired a new position in shares of Innovator Power Buffer Step-Up Strategy ETF during the 3rd quarter worth approximately $49,000. Capital Investment Advisory Services LLC increased its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 30.2% in the fourth quarter. Capital Investment Advisory Services LLC now owns 2,296 shares of the company’s stock valued at $81,000 after purchasing an additional 532 shares during the last quarter. Goldman Sachs Group Inc. purchased a new position in Innovator Power Buffer Step-Up Strategy ETF during the first quarter worth approximately $238,000. JPMorgan Chase & Co. lifted its position in Innovator Power Buffer Step-Up Strategy ETF by 2,234.3% during the third quarter. JPMorgan Chase & Co. now owns 7,680 shares of the company’s stock worth $267,000 after buying an additional 7,351 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in Innovator Power Buffer Step-Up Strategy ETF during the third quarter worth $289,000.

Innovator Power Buffer Step-Up Strategy ETF Stock Performance

NYSEARCA PSTP opened at $36.75 on Wednesday. The stock’s fifty day moving average is $36.69 and its two-hundred day moving average is $35.89. The firm has a market capitalization of $132.30 million, a P/E ratio of 24.87 and a beta of 0.52. Innovator Power Buffer Step-Up Strategy ETF has a fifty-two week low of $33.12 and a fifty-two week high of $37.03.

Innovator Power Buffer Step-Up Strategy ETF Company Profile

The Innovator Power Buffer Step-Up Strategy ETF (PSTP) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trus index. The fund aims for buffered losses and gains on the SPDR S&P 500 ETF Trust (SPY) through the active use of FLEX options, which it rebalances monthly. The fund intends to opportunistically reset its portfolio prior to the one-year expiration date of the options. PSTP was launched on Mar 8, 2022 and is managed by Innovator.