Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Reaches New 12-Month High – Time to Buy?

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $39.42 and last traded at $39.7550, with a volume of 6320 shares changing hands. The stock had previously closed at $39.39.

Innovator U.S. Equity Power Buffer ETF – May Trading Up 0.9%

The firm has a market cap of $669.08 million, a P/E ratio of 23.79 and a beta of 0.44. The company’s fifty day moving average price is $39.30 and its two-hundred day moving average price is $38.74.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its position in shares of Innovator U.S. Equity Power Buffer ETF – May by 239.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 170,580 shares of the company’s stock valued at $6,456,000 after acquiring an additional 120,277 shares during the last quarter. Truist Financial Corp grew its stake in Innovator U.S. Equity Power Buffer ETF – May by 60.9% in the second quarter. Truist Financial Corp now owns 140,998 shares of the company’s stock valued at $5,328,000 after purchasing an additional 53,366 shares in the last quarter. Valmark Advisers Inc. increased its position in shares of Innovator U.S. Equity Power Buffer ETF – May by 5.8% during the 2nd quarter. Valmark Advisers Inc. now owns 38,296 shares of the company’s stock worth $1,447,000 after purchasing an additional 2,086 shares during the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May in the 2nd quarter valued at approximately $680,000. Finally, Weaver Consulting Group grew its stake in shares of Innovator U.S. Equity Power Buffer ETF – May by 16.3% in the second quarter. Weaver Consulting Group now owns 31,480 shares of the company’s stock valued at $1,190,000 after buying an additional 4,404 shares in the last quarter.

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.