DAVENPORT & Co LLC Takes Position in Innovator Equity Managed Floor ETF $SFLR

DAVENPORT & Co LLC purchased a new stake in Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,620 shares of the company’s stock, valued at approximately $289,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Beacon Financial Advisory LLC grew its stake in shares of Innovator Equity Managed Floor ETF by 15.3% in the second quarter. Beacon Financial Advisory LLC now owns 64,547 shares of the company’s stock valued at $2,167,000 after acquiring an additional 8,550 shares in the last quarter. Simplicity Wealth LLC acquired a new position in shares of Innovator Equity Managed Floor ETF in the second quarter valued at about $210,000. Diligent Investors LLC acquired a new position in shares of Innovator Equity Managed Floor ETF in the second quarter valued at about $421,000. Wetzel Investment Advisors Inc. grew its stake in shares of Innovator Equity Managed Floor ETF by 163.1% in the second quarter. Wetzel Investment Advisors Inc. now owns 398,084 shares of the company’s stock valued at $13,379,000 after acquiring an additional 246,764 shares in the last quarter. Finally, Truist Financial Corp grew its stake in shares of Innovator Equity Managed Floor ETF by 81.7% in the second quarter. Truist Financial Corp now owns 25,728 shares of the company’s stock valued at $864,000 after acquiring an additional 11,571 shares in the last quarter.

Innovator Equity Managed Floor ETF Stock Performance

SFLR stock opened at $35.94 on Tuesday. The company’s 50-day simple moving average is $35.40 and its 200 day simple moving average is $33.49. Innovator Equity Managed Floor ETF has a 52 week low of $29.14 and a 52 week high of $36.41. The company has a market capitalization of $1.14 billion, a PE ratio of 26.45 and a beta of -0.70.

Innovator Equity Managed Floor ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 30th were paid a $0.032 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.13 annualized dividend and a dividend yield of 0.4%.

Innovator Equity Managed Floor ETF Profile

The Innovator Equity Managed Floor ETF (SFLR) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide capital appreciation by holding a portfolio of large-cap US stocks while hedging the downside risk using a laddered options strategy. The fund utilizes four, one-year FLEX options packages with staggered 3-month expiration dates to target a maximum loss of approximately 10% on a rolling 12-month basis.