Innovator U.S. Equity Power Buffer ETF – October (BATS:POCT) Sets New 1-Year High – Time to Buy?

Innovator U.S. Equity Power Buffer ETF – October (BATS:POCT)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $46.46 and last traded at $46.38, with a volume of 9193 shares traded. The stock had previously closed at $46.28.

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

The company has a 50 day simple moving average of $45.75 and a 200-day simple moving average of $44.52. The stock has a market capitalization of $924.48 million, a P/E ratio of 24.14 and a beta of 0.37.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Brookstone Capital Management boosted its holdings in Innovator U.S. Equity Power Buffer ETF – October by 340.7% in the 4th quarter. Brookstone Capital Management now owns 893,154 shares of the company’s stock worth $39,227,000 after buying an additional 690,470 shares during the period. Allworth Financial LP bought a new stake in Innovator U.S. Equity Power Buffer ETF – October during the 4th quarter valued at $26,678,000. Wealth Enhancement Advisory Services LLC raised its holdings in Innovator U.S. Equity Power Buffer ETF – October by 157.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 831,988 shares of the company’s stock valued at $36,774,000 after acquiring an additional 508,606 shares during the period. Cerity Partners LLC raised its holdings in Innovator U.S. Equity Power Buffer ETF – October by 36.3% during the 4th quarter. Cerity Partners LLC now owns 1,577,949 shares of the company’s stock valued at $69,304,000 after acquiring an additional 420,361 shares during the period. Finally, Blair William & Co. IL lifted its position in shares of Innovator U.S. Equity Power Buffer ETF – October by 941.6% during the fourth quarter. Blair William & Co. IL now owns 371,926 shares of the company’s stock worth $16,335,000 after acquiring an additional 336,218 shares in the last quarter.

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

The Innovator S&P 500 Power Buffer ETF – October (POCT) 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. POCT was launched on Oct 1, 2018 and is managed by Innovator.