Innovator U.S. Equity Power Buffer ETF – July (BATS:PJUL) Reaches New 12-Month High – Still a Buy?

Innovator U.S. Equity Power Buffer ETF – July (BATS:PJUL) reached a new 52-week high during trading on Wednesday . The company traded as high as $48.40 and last traded at $48.40, with a volume of 2790 shares trading hands. The stock had previously closed at $48.26.

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

The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 24.44 and a beta of 0.46. The business’s 50 day simple moving average is $47.07 and its 200 day simple moving average is $46.62.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PJUL. AQR Capital Management LLC increased its stake in shares of Innovator U.S. Equity Power Buffer ETF – July by 7.5% during the first quarter. AQR Capital Management LLC now owns 15,703 shares of the company’s stock worth $631,000 after acquiring an additional 1,100 shares during the period. Goldman Sachs Group Inc. acquired a new position in shares of Innovator U.S. Equity Power Buffer ETF – July during the first quarter worth about $2,005,000. NewEdge Advisors LLC increased its stake in shares of Innovator U.S. Equity Power Buffer ETF – July by 123.7% during the second quarter. NewEdge Advisors LLC now owns 183,319 shares of the company’s stock worth $8,039,000 after acquiring an additional 101,387 shares during the period. Diversify Advisory Services LLC increased its stake in shares of Innovator U.S. Equity Power Buffer ETF – July by 4.6% during the second quarter. Diversify Advisory Services LLC now owns 7,922 shares of the company’s stock worth $354,000 after acquiring an additional 350 shares during the period. Finally, Raymond James Financial Inc. increased its stake in shares of Innovator U.S. Equity Power Buffer ETF – July by 3.1% during the second quarter. Raymond James Financial Inc. now owns 471,740 shares of the company’s stock worth $20,686,000 after acquiring an additional 14,362 shares during the period.

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

The Innovator S&P 500 Power Buffer ETF — July (PJUL) is an exchange-traded fund that is based on the S&P 500 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. PJUL was launched on Aug 8, 2018 and is managed by Innovator.