Evolution Wealth Management Inc. Buys 33,315 Shares of Innovator Power Buffer Step-Up Strategy ETF $PSTP

Evolution Wealth Management Inc. grew its stake in shares of Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) by 90.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 69,977 shares of the company’s stock after buying an additional 33,315 shares during the period. Innovator Power Buffer Step-Up Strategy ETF accounts for 2.5% of Evolution Wealth Management Inc.’s investment portfolio, making the stock its 6th biggest position. Evolution Wealth Management Inc. owned approximately 1.85% of Innovator Power Buffer Step-Up Strategy ETF worth $2,434,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in PSTP. KFG Wealth Management LLC boosted its stake in shares of Innovator Power Buffer Step-Up Strategy ETF by 8.5% during the third quarter. KFG Wealth Management LLC now owns 650,656 shares of the company’s stock valued at $22,630,000 after acquiring an additional 50,785 shares during the last quarter. Brown Wealth Management LLC lifted its holdings in Innovator Power Buffer Step-Up Strategy ETF by 24.1% in the 2nd quarter. Brown Wealth Management LLC now owns 225,910 shares of the company’s stock valued at $7,539,000 after purchasing an additional 43,868 shares in the last quarter. Rovin Capital UT ADV boosted its stake in shares of Innovator Power Buffer Step-Up Strategy ETF by 11.8% during the 2nd quarter. Rovin Capital UT ADV now owns 138,506 shares of the company’s stock worth $4,622,000 after purchasing an additional 14,670 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 10.7% during the second quarter. Cetera Investment Advisers now owns 117,029 shares of the company’s stock worth $3,906,000 after buying an additional 11,317 shares in the last quarter. Finally, AE Wealth Management LLC acquired a new position in shares of Innovator Power Buffer Step-Up Strategy ETF in the second quarter valued at approximately $264,000.

Innovator Power Buffer Step-Up Strategy ETF Stock Performance

Shares of PSTP opened at $35.51 on Friday. Innovator Power Buffer Step-Up Strategy ETF has a 1 year low of $29.16 and a 1 year high of $35.65. The company’s 50 day simple moving average is $35.10 and its 200 day simple moving average is $34.52. The company has a market capitalization of $129.61 million, a price-to-earnings ratio of 24.87 and a beta of 0.53.

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.