Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Reaches New 52-Week High – Should You Buy?

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) reached a new 52-week high on Tuesday . The stock traded as high as $39.42 and last traded at $39.5550, with a volume of 6320 shares trading hands. The stock had previously closed at $39.39.

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

The stock has a 50-day simple moving average of $39.15 and a 200 day simple moving average of $38.53. The company has a market capitalization of $666.55 million, a PE ratio of 23.79 and a beta of 0.44.

Institutional Trading of Innovator U.S. Equity Power Buffer ETF – May

Hedge funds have recently modified their holdings of the business. Alliancebernstein L.P. grew its stake in Innovator U.S. Equity Power Buffer ETF – May by 28.2% during the 2nd quarter. Alliancebernstein L.P. now owns 3,546,015 shares of the company’s stock valued at $133,998,000 after acquiring an additional 779,446 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Innovator U.S. Equity Power Buffer ETF – May by 1.7% during the third quarter. Penserra Capital Management LLC now owns 1,571,751 shares of the company’s stock worth $61,133,000 after purchasing an additional 25,680 shares during the period. Raymond James Financial Inc. grew its position in Innovator U.S. Equity Power Buffer ETF – May by 26.7% during the second quarter. Raymond James Financial Inc. now owns 507,341 shares of the company’s stock valued at $19,172,000 after purchasing an additional 106,807 shares in the last quarter. Osaic Holdings Inc. increased its stake in Innovator U.S. Equity Power Buffer ETF – May by 20.7% in the 2nd quarter. Osaic Holdings Inc. now owns 495,679 shares of the company’s stock valued at $18,727,000 after buying an additional 84,913 shares during the period. Finally, Cetera Investment Advisers increased its stake in Innovator U.S. Equity Power Buffer ETF – May by 10.8% in the 2nd quarter. Cetera Investment Advisers now owns 258,367 shares of the company’s stock valued at $9,763,000 after buying an additional 25,192 shares during the period.

Innovator U.S. Equity Power Buffer ETF – May Company Profile

The Innovator S&P 500 Power Buffer ETF – May (PMAY) 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. PMAY was launched on May 1, 2020 and is managed by Innovator.