Envestnet Asset Management Inc. Has $2.24 Million Stake in Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP)

Envestnet Asset Management Inc. raised its position in Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,026 shares of the company’s stock after buying an additional 4,463 shares during the quarter. Envestnet Asset Management Inc. owned about 2.41% of Innovator Power Buffer Step-Up Strategy ETF worth $2,243,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HighTower Advisors LLC boosted its stake in shares of Innovator Power Buffer Step-Up Strategy ETF by 85.6% in the 4th quarter. HighTower Advisors LLC now owns 190,938 shares of the company’s stock valued at $6,116,000 after purchasing an additional 88,038 shares in the last quarter. Signature Estate & Investment Advisors LLC bought a new position in Innovator Power Buffer Step-Up Strategy ETF in the 4th quarter valued at approximately $1,023,000. OFC Financial Planning LLC acquired a new stake in Innovator Power Buffer Step-Up Strategy ETF in the fourth quarter valued at approximately $961,000. KFG Wealth Management LLC boosted its position in Innovator Power Buffer Step-Up Strategy ETF by 5.5% in the fourth quarter. KFG Wealth Management LLC now owns 570,093 shares of the company’s stock valued at $18,260,000 after buying an additional 29,578 shares in the last quarter. Finally, Wealthgarden F.S. LLC bought a new stake in shares of Innovator Power Buffer Step-Up Strategy ETF during the fourth quarter worth $943,000.

Innovator Power Buffer Step-Up Strategy ETF Stock Performance

Shares of PSTP opened at $31.19 on Friday. Innovator Power Buffer Step-Up Strategy ETF has a 52 week low of $29.01 and a 52 week high of $34.00. The stock has a fifty day moving average of $31.31 and a 200-day moving average of $31.86. The stock has a market capitalization of $102.93 million, a price-to-earnings ratio of 24.54 and a beta of 0.53.

About Innovator Power Buffer Step-Up Strategy ETF

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.