Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV) Hits New 52-Week High – Time to Buy?

Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $40.10 and last traded at $41.9610, with a volume of 163617 shares changing hands. The stock had previously closed at $39.75.

Innovator U.S. Equity Power Buffer ETF – November Stock Up 5.6%

The stock’s 50 day moving average price is $41.48 and its two-hundred day moving average price is $40.72. The firm has a market capitalization of $708.28 million, a price-to-earnings ratio of 24.05 and a beta of 0.45.

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

Several large investors have recently bought and sold shares of the company. Penserra Capital Management LLC boosted its stake in shares of Innovator U.S. Equity Power Buffer ETF – November by 14.6% during the second quarter. Penserra Capital Management LLC now owns 1,483,262 shares of the company’s stock valued at $58,618,000 after purchasing an additional 188,411 shares in the last quarter. Osaic Holdings Inc. boosted its position in Innovator U.S. Equity Power Buffer ETF – November by 13.1% during the 2nd quarter. Osaic Holdings Inc. now owns 411,671 shares of the company’s stock worth $16,269,000 after buying an additional 47,753 shares during the period. Focus Partners Advisor Solutions LLC bought a new stake in Innovator U.S. Equity Power Buffer ETF – November during the 2nd quarter worth approximately $1,492,000. Beacon Pointe Advisors LLC grew its holdings in Innovator U.S. Equity Power Buffer ETF – November by 14.5% during the 2nd quarter. Beacon Pointe Advisors LLC now owns 262,425 shares of the company’s stock worth $10,371,000 after acquiring an additional 33,140 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV increased its position in Innovator U.S. Equity Power Buffer ETF – November by 97.9% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 66,460 shares of the company’s stock valued at $2,729,000 after acquiring an additional 32,872 shares during the period.

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

The Innovator U.S. Equity Power Buffer ETF – November (PNOV) 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. PNOV was launched on Nov 1, 2019 and is managed by Innovator.