Innovator U.S. Equity Power Buffer ETF – January (BATS:PJAN) Hits New 1-Year High – Still a Buy?

Innovator U.S. Equity Power Buffer ETF – January (BATS:PJAN) shares hit a new 52-week high on Friday . The stock traded as high as $49.91 and last traded at $49.85, with a volume of 103050 shares changing hands. The stock had previously closed at $49.69.

Innovator U.S. Equity Power Buffer ETF – January Stock Up 0.3%

The firm’s fifty day moving average is $49.47 and its two-hundred day moving average is $48.15. The firm has a market cap of $1.47 billion, a P/E ratio of 24.16 and a beta of 0.47.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC purchased a new stake in shares of Innovator U.S. Equity Power Buffer ETF – January in the 4th quarter worth about $27,000. Global Assets Advisory LLC bought a new stake in shares of Innovator U.S. Equity Power Buffer ETF – January during the first quarter valued at approximately $34,000. Assetmark Inc. increased its holdings in shares of Innovator U.S. Equity Power Buffer ETF – January by 93.3% in the 4th quarter. Assetmark Inc. now owns 860 shares of the company’s stock worth $40,000 after purchasing an additional 415 shares in the last quarter. Parallel Advisors LLC bought a new stake in Innovator U.S. Equity Power Buffer ETF – January in the 4th quarter worth about $65,000. Finally, Global Retirement Partners LLC bought a new position in Innovator U.S. Equity Power Buffer ETF – January during the fourth quarter valued at approximately $100,000.

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

The Innovator U.S. Equity Power Buffer ETF – January (PJAN) 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. PJAN was launched on Jan 2, 2019 and is managed by Innovator.