Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Hits New 52-Week High – Here’s Why

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) hit a new 52-week high during trading on Wednesday . The stock traded as high as $40.02 and last traded at $40.02, with a volume of 7821 shares. The stock had previously closed at $39.86.

Innovator U.S. Equity Power Buffer ETF – May Stock Up 0.4%

The stock has a market cap of $673.54 million, a PE ratio of 23.79 and a beta of 0.44. The business’s 50-day simple moving average is $39.78 and its 200-day simple moving average is $39.22.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jessup Wealth Management Inc purchased a new stake in Innovator U.S. Equity Power Buffer ETF – May in the fourth quarter worth $56,000. Optima Capital LLC purchased a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May in the 4th quarter worth approximately $107,000. Straight Path Wealth Management bought a new position in shares of Innovator U.S. Equity Power Buffer ETF – May during the third quarter valued at $203,000. Foundry Financial Group Inc. purchased a new stake in Innovator U.S. Equity Power Buffer ETF – May during the 4th quarter valued at about $203,000. Finally, Grantvest Financial Group LLC bought a new stake in Innovator U.S. Equity Power Buffer ETF – May during the 3rd quarter valued at about $204,000.

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

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.