AE Wealth Management LLC Buys 56,349 Shares of Innovator Power Buffer Step-Up Strategy ETF $PSTP

AE Wealth Management LLC raised its position in shares of Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) by 713.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 64,246 shares of the company’s stock after acquiring an additional 56,349 shares during the quarter. AE Wealth Management LLC owned approximately 1.70% of Innovator Power Buffer Step-Up Strategy ETF worth $2,234,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. KFG Wealth Management LLC lifted its stake in shares of Innovator Power Buffer Step-Up Strategy ETF by 8.5% in the 3rd quarter. KFG Wealth Management LLC now owns 650,656 shares of the company’s stock valued at $22,630,000 after purchasing an additional 50,785 shares during the period. Brown Wealth Management LLC grew its stake in Innovator Power Buffer Step-Up Strategy ETF by 24.1% in the second quarter. Brown Wealth Management LLC now owns 225,910 shares of the company’s stock worth $7,539,000 after purchasing an additional 43,868 shares during the period. Evolution Wealth Management Inc. bought a new position in Innovator Power Buffer Step-Up Strategy ETF in the second quarter worth $1,224,000. Rovin Capital UT ADV lifted its position in Innovator Power Buffer Step-Up Strategy ETF by 11.8% during the second quarter. Rovin Capital UT ADV now owns 138,506 shares of the company’s stock valued at $4,622,000 after buying an additional 14,670 shares during the period. Finally, Cetera Investment Advisers lifted its position in Innovator Power Buffer Step-Up Strategy ETF by 10.7% during the second quarter. Cetera Investment Advisers now owns 117,029 shares of the company’s stock valued at $3,906,000 after buying an additional 11,317 shares during the period.

Innovator Power Buffer Step-Up Strategy ETF Price Performance

NYSEARCA:PSTP opened at $35.57 on Monday. The firm’s 50-day moving average price is $35.36 and its 200-day moving average price is $34.78. The company has a market capitalization of $130.54 million, a PE ratio of 24.87 and a beta of 0.53. Innovator Power Buffer Step-Up Strategy ETF has a 1-year low of $29.16 and a 1-year high of $35.78.

About Innovator Power Buffer Step-Up Strategy ETF

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.