Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Sets New 52-Week High – Should You Buy?

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $41.72 and last traded at $41.72, with a volume of 300 shares. The stock had previously closed at $40.84.

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

The stock has a market cap of $702.15 million, a P/E ratio of 23.79 and a beta of 0.44. The stock’s 50-day moving average is $40.27 and its two-hundred day moving average is $39.79.

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

Several large investors have recently made changes to their positions in PMAY. Alliancebernstein L.P. boosted its stake in Innovator U.S. Equity Power Buffer ETF – May by 28.2% during the second quarter. Alliancebernstein L.P. now owns 3,546,015 shares of the company’s stock valued at $133,998,000 after buying an additional 779,446 shares during the last quarter. Penserra Capital Management LLC increased its stake in Innovator U.S. Equity Power Buffer ETF – May by 1.7% in 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 last quarter. Raymond James Financial Inc. raised its holdings in shares of 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 in the last quarter. Focus Partners Wealth raised its holdings in shares of 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 in the last quarter. Finally, LPL Financial LLC boosted its position in shares of 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 valued at $11,436,000 after acquiring an additional 31,188 shares during the last quarter.

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.