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

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $42.26 and last traded at $42.26, with a volume of 1712 shares traded. The stock had previously closed at $42.19.

Innovator U.S. Equity Power Buffer ETF – May Trading Down 0.0%

The firm’s fifty day moving average price is $41.60 and its 200-day moving average price is $40.83. The company has a market cap of $709.72 million, a P/E ratio of 23.79 and a beta of 0.44.

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

Large investors have recently added to or reduced their stakes in the company. Jessup Wealth Management Inc acquired a new stake in Innovator U.S. Equity Power Buffer ETF – May during the fourth quarter worth $56,000. Continuum Advisory LLC bought a new stake in Innovator U.S. Equity Power Buffer ETF – May during the 2nd quarter worth approximately $65,000. Fifth Third Bancorp acquired a new stake in Innovator U.S. Equity Power Buffer ETF – May during the 1st quarter valued at $80,000. Foundry Financial Group Inc. bought a new position in Innovator U.S. Equity Power Buffer ETF – May in the 4th quarter valued at $203,000. Finally, WMS Group LLC bought a new position in Innovator U.S. Equity Power Buffer ETF – May in the 4th quarter valued at $238,000.

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.