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

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $41.06 and last traded at $41.03, with a volume of 98569 shares changing hands. The stock had previously closed at $40.94.

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

The company’s 50 day moving average price is $40.16 and its 200 day moving average price is $39.72. The firm has a market capitalization of $690.37 million, a P/E ratio of 23.79 and a beta of 0.44.

Institutional Trading of Innovator U.S. Equity Power Buffer ETF – May

Several hedge funds have recently modified their holdings of the stock. Alliancebernstein L.P. boosted its stake in Innovator U.S. Equity Power Buffer ETF – May by 28.2% in the second quarter. Alliancebernstein L.P. now owns 3,546,015 shares of the company’s stock valued at $133,998,000 after acquiring an additional 779,446 shares during the last quarter. Penserra Capital Management LLC grew its holdings in Innovator U.S. Equity Power Buffer ETF – May by 1.7% during the 3rd quarter. Penserra Capital Management LLC now owns 1,571,751 shares of the company’s stock worth $61,133,000 after acquiring an additional 25,680 shares during the period. Raymond James Financial Inc. grew its holdings in Innovator U.S. Equity Power Buffer ETF – May by 26.7% during the 2nd quarter. Raymond James Financial Inc. now owns 507,341 shares of the company’s stock worth $19,172,000 after acquiring an additional 106,807 shares during the period. Focus Partners Wealth grew its holdings in Innovator U.S. Equity Power Buffer ETF – May by 367.6% during the 4th quarter. Focus Partners Wealth now owns 365,330 shares of the company’s stock worth $14,463,000 after acquiring an additional 287,204 shares during the period. Finally, LPL Financial LLC grew its holdings in Innovator U.S. Equity Power Buffer ETF – May by 12.1% during the 4th quarter. LPL Financial LLC now owns 288,850 shares of the company’s stock worth $11,436,000 after acquiring an additional 31,188 shares during the period.

About Innovator U.S. Equity Power Buffer ETF – May

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.