Envestnet Asset Management Inc. Boosts 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 4.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,307 shares of the company’s stock after buying an additional 3,281 shares during the period. Envestnet Asset Management Inc. owned approximately 2.22% of Innovator Power Buffer Step-Up Strategy ETF worth $2,302,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rovin Capital UT ADV acquired a new stake in shares of Innovator Power Buffer Step-Up Strategy ETF in the 1st quarter valued at about $3,889,000. KFG Wealth Management LLC raised its stake in shares of Innovator Power Buffer Step-Up Strategy ETF by 1.5% in the 1st quarter. KFG Wealth Management LLC now owns 578,464 shares of the company’s stock valued at $18,167,000 after purchasing an additional 8,371 shares in the last quarter. Sunbelt Securities Inc. raised its stake in shares of Innovator Power Buffer Step-Up Strategy ETF by 8.4% in the 4th quarter. Sunbelt Securities Inc. now owns 261,308 shares of the company’s stock valued at $8,391,000 after purchasing an additional 20,302 shares in the last quarter. Cetera Investment Advisers raised its stake in shares of Innovator Power Buffer Step-Up Strategy ETF by 17.7% in the 4th quarter. Cetera Investment Advisers now owns 101,653 shares of the company’s stock valued at $3,256,000 after purchasing an additional 15,294 shares in the last quarter. Finally, Brown Wealth Management LLC acquired a new stake in shares of Innovator Power Buffer Step-Up Strategy ETF in the 4th quarter valued at about $5,587,000.

Innovator Power Buffer Step-Up Strategy ETF Stock Performance

Shares of Innovator Power Buffer Step-Up Strategy ETF stock opened at $33.95 on Tuesday. The firm has a market cap of $119.67 million, a PE ratio of 24.87 and a beta of -0.55. The firm’s 50-day simple moving average is $33.08 and its 200-day simple moving average is $32.21. Innovator Power Buffer Step-Up Strategy ETF has a 1 year low of $29.16 and a 1 year high of $34.00.

Innovator Power Buffer Step-Up Strategy ETF 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.