Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Sets New 52-Week High – Here’s Why

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) shares hit a new 52-week high on Monday . The company traded as high as $40.05 and last traded at $40.05, with a volume of 835 shares. The stock had previously closed at $39.97.

Innovator U.S. Equity Power Buffer ETF – May Stock Up 0.2%

The company’s fifty day moving average price is $39.83 and its 200-day moving average price is $39.43. The stock has a market capitalization of $674.21 million, a PE ratio of 23.79 and a beta of 0.44.

Institutional Investors Weigh In On Innovator U.S. Equity Power Buffer ETF – May

Several hedge funds have recently added to or reduced their stakes in PMAY. Global Assets Advisory LLC purchased a new position in shares of Innovator U.S. Equity Power Buffer ETF – May in the 3rd quarter worth about $1,188,000. Focus Partners Advisor Solutions LLC increased its stake in Innovator U.S. Equity Power Buffer ETF – May by 88.6% during the 3rd quarter. Focus Partners Advisor Solutions LLC now owns 56,785 shares of the company’s stock valued at $2,220,000 after purchasing an additional 26,681 shares in the last quarter. Concurrent Investment Advisors LLC bought a new stake in Innovator U.S. Equity Power Buffer ETF – May during the 3rd quarter valued at about $515,000. Osaic Holdings Inc. raised its holdings in Innovator U.S. Equity Power Buffer ETF – May by 20.7% in the second quarter. Osaic Holdings Inc. now owns 495,679 shares of the company’s stock worth $18,727,000 after buying an additional 84,913 shares during the last quarter. Finally, Penserra Capital Management LLC raised its holdings in Innovator U.S. Equity Power Buffer ETF – May by 1.7% in the third quarter. Penserra Capital Management LLC now owns 1,571,751 shares of the company’s stock worth $61,133,000 after buying an additional 25,680 shares during the last quarter.

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

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.