Innovator U.S. Equity Power Buffer ETF – January (BATS:PJAN) Reaches New 52-Week High – Here’s Why

Innovator U.S. Equity Power Buffer ETF – January (BATS:PJAN)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $48.45 and last traded at $48.42, with a volume of 47898 shares. The stock had previously closed at $48.36.

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

The business’s 50 day moving average is $47.01 and its 200-day moving average is $46.80. The company has a market cap of $1.42 billion, a PE ratio of 24.16 and a beta of 0.47.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PJAN. Steward Partners Investment Advisory LLC lifted its stake in Innovator U.S. Equity Power Buffer ETF – January by 1,235.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,623,085 shares of the company’s stock worth $76,317,000 after acquiring an additional 1,501,558 shares during the last quarter. Brookstone Capital Management lifted its stake in Innovator U.S. Equity Power Buffer ETF – January by 522.9% in the first quarter. Brookstone Capital Management now owns 758,887 shares of the company’s stock worth $35,007,000 after acquiring an additional 637,054 shares during the last quarter. Focus Partners Wealth lifted its stake in Innovator U.S. Equity Power Buffer ETF – January by 1,350.9% in the fourth quarter. Focus Partners Wealth now owns 499,828 shares of the company’s stock worth $23,502,000 after acquiring an additional 465,378 shares during the last quarter. Mutual Advisors LLC lifted its stake in Innovator U.S. Equity Power Buffer ETF – January by 1,281.2% in the third quarter. Mutual Advisors LLC now owns 432,054 shares of the company’s stock worth $19,887,000 after acquiring an additional 400,773 shares during the last quarter. Finally, Compass Advisory Group LLC raised its holdings in Innovator U.S. Equity Power Buffer ETF – January by 442.7% during the first quarter. Compass Advisory Group LLC now owns 370,574 shares of the company’s stock worth $17,095,000 after purchasing an additional 302,287 shares in the last quarter.

About Innovator U.S. Equity Power Buffer ETF – January

The Innovator U.S. Equity Power Buffer ETF – January (PJAN) 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. PJAN was launched on Jan 2, 2019 and is managed by Innovator.