Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP) Reaches New 1-Year High – Time to Buy?

Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP) reached a new 52-week high on Wednesday . The stock traded as high as $46.34 and last traded at $46.34, with a volume of 5178 shares changing hands. The stock had previously closed at $46.28.

Innovator U.S. Equity Power Buffer ETF – September Stock Performance

The company’s 50-day simple moving average is $45.88 and its 200 day simple moving average is $44.67. The company has a market cap of $827.17 million, a PE ratio of 25.05 and a beta of 0.48.

Hedge Funds Weigh In On Innovator U.S. Equity Power Buffer ETF – September

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its stake in shares of Innovator U.S. Equity Power Buffer ETF – September by 1.8% during the first quarter. AQR Capital Management LLC now owns 15,255 shares of the company’s stock worth $586,000 after buying an additional 275 shares during the period. Creative Planning purchased a new stake in shares of Innovator U.S. Equity Power Buffer ETF – September in the 2nd quarter valued at approximately $200,000. Cerity Partners LLC increased its position in shares of Innovator U.S. Equity Power Buffer ETF – September by 189.2% in the 2nd quarter. Cerity Partners LLC now owns 30,844 shares of the company’s stock valued at $1,261,000 after purchasing an additional 20,177 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in shares of Innovator U.S. Equity Power Buffer ETF – September by 9.5% in the 2nd quarter. Benjamin Edwards Inc. now owns 11,479 shares of the company’s stock valued at $469,000 after purchasing an additional 1,000 shares in the last quarter. Finally, MML Investors Services LLC lifted its position in shares of Innovator U.S. Equity Power Buffer ETF – September by 190.6% during the 2nd quarter. MML Investors Services LLC now owns 122,394 shares of the company’s stock worth $5,005,000 after purchasing an additional 80,272 shares during the last quarter.

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

The Innovator S&P 500 Power Buffer ETF – September (PSEP) 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. PSEP was launched on Sep 3, 2019 and is managed by Innovator.