Innovator U.S. Equity Power Buffer ETF – October (BATS:POCT) Sets New 52-Week High – Time to Buy?

Innovator U.S. Equity Power Buffer ETF – October (BATS:POCT) hit a new 52-week high on Wednesday . The company traded as high as $47.60 and last traded at $47.50, with a volume of 32994 shares. The stock had previously closed at $47.53.

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

The stock has a market cap of $953.80 million, a P/E ratio of 24.14 and a beta of 0.37. The stock has a 50-day moving average price of $46.95 and a 200-day moving average price of $45.63.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cerity Partners LLC raised its position in shares of Innovator U.S. Equity Power Buffer ETF – October by 0.9% during the 2nd quarter. Cerity Partners LLC now owns 42,599 shares of the company’s stock valued at $1,759,000 after buying an additional 378 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in Innovator U.S. Equity Power Buffer ETF – October in the second quarter worth $1,208,000. JPMorgan Chase & Co. bought a new position in Innovator U.S. Equity Power Buffer ETF – October in the third quarter valued at $228,000. US Bancorp DE purchased a new stake in Innovator U.S. Equity Power Buffer ETF – October during the third quarter valued at about $173,000. Finally, Alliancebernstein L.P. raised its position in Innovator U.S. Equity Power Buffer ETF – October by 10.6% during the third quarter. Alliancebernstein L.P. now owns 1,983,829 shares of the company’s stock valued at $85,503,000 after purchasing an additional 190,348 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.