Sunbelt Securities Inc. Reduces Stock Holdings in Innovator Power Buffer Step-Up Strategy ETF $PSTP

Sunbelt Securities Inc. lowered its holdings in Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) by 9.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 327,142 shares of the company’s stock after selling 33,352 shares during the quarter. Innovator Power Buffer Step-Up Strategy ETF accounts for 0.7% of Sunbelt Securities Inc.’s holdings, making the stock its 21st biggest position. Sunbelt Securities Inc. owned approximately 9.22% of Innovator Power Buffer Step-Up Strategy ETF worth $11,277,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. purchased a new stake in Innovator Power Buffer Step-Up Strategy ETF in the first quarter valued at $238,000. Osaic Holdings Inc. raised its stake in shares of Innovator Power Buffer Step-Up Strategy ETF by 5.0% during the 2nd quarter. Osaic Holdings Inc. now owns 32,340 shares of the company’s stock valued at $1,079,000 after buying an additional 1,543 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Innovator Power Buffer Step-Up Strategy ETF by 2,234.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,680 shares of the company’s stock valued at $267,000 after buying an additional 7,351 shares during the last quarter. Citadel Advisors LLC purchased a new stake in shares of Innovator Power Buffer Step-Up Strategy ETF in the third quarter worth about $289,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Innovator Power Buffer Step-Up Strategy ETF during the 3rd quarter valued at approximately $532,000.

Innovator Power Buffer Step-Up Strategy ETF Stock Performance

PSTP opened at $36.75 on Wednesday. Innovator Power Buffer Step-Up Strategy ETF has a fifty-two week low of $33.12 and a fifty-two week high of $37.03. The company has a fifty day moving average of $36.69 and a two-hundred day moving average of $35.89. The stock has a market capitalization of $132.30 million, a price-to-earnings ratio of 24.87 and a beta of 0.52.

Innovator Power Buffer Step-Up Strategy ETF Company Profile

The Innovator Power Buffer Step-Up Strategy ETF (PSTP) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trus index. The fund aims for buffered losses and gains on the SPDR S&P 500 ETF Trust (SPY) through the active use of FLEX options, which it rebalances monthly. The fund intends to opportunistically reset its portfolio prior to the one-year expiration date of the options. PSTP was launched on Mar 8, 2022 and is managed by Innovator.