Innovator U.S. Equity Power Buffer ETF – August (BATS:PAUG) Sets New 52-Week High – Still a Buy?

Shares of Innovator U.S. Equity Power Buffer ETF – August (BATS:PAUG) hit a new 52-week high on Friday. The stock traded as high as $47.00 and last traded at $46.9750, with a volume of 2862 shares trading hands. The stock had previously closed at $46.73.

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

The company has a 50-day moving average of $46.58 and a two-hundred day moving average of $45.37. The stock has a market capitalization of $908.13 million, a PE ratio of 24.79 and a beta of 0.48.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Apollon Wealth Management LLC raised its stake in shares of Innovator U.S. Equity Power Buffer ETF – August by 2.6% during the 1st quarter. Apollon Wealth Management LLC now owns 12,922 shares of the company’s stock worth $552,000 after purchasing an additional 322 shares in the last quarter. IFP Advisors Inc lifted its holdings in shares of Innovator U.S. Equity Power Buffer ETF – August by 15.8% during the 2nd quarter. IFP Advisors Inc now owns 16,617 shares of the company’s stock valued at $758,000 after buying an additional 2,266 shares during the last quarter. Integral Investment Advisors Inc. bought a new stake in shares of Innovator U.S. Equity Power Buffer ETF – August in the 2nd quarter valued at approximately $201,000. World Investment Advisors grew its stake in shares of Innovator U.S. Equity Power Buffer ETF – August by 42.6% in the 4th quarter. World Investment Advisors now owns 16,938 shares of the company’s stock valued at $733,000 after buying an additional 5,058 shares in the last quarter. Finally, Forty three Eighteen Advisors LLC acquired a new position in Innovator U.S. Equity Power Buffer ETF – August in the fourth quarter worth approximately $261,000.

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

The Innovator U.S. Equity Power Buffer ETF – August (PAUG) 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. PAUG was launched on Aug 1, 2019 and is managed by Innovator.