Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP) Hits New 52-Week High – Should You Buy?

Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $46.03 and last traded at $46.03, with a volume of 4384 shares. The stock had previously closed at $45.93.

Innovator U.S. Equity Power Buffer ETF – September Stock Up 0.2%

The company’s 50-day moving average is $45.54 and its two-hundred day moving average is $44.39. The company has a market cap of $821.28 million, a P/E ratio of 25.05 and a beta of 0.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PSEP. Northwestern Mutual Wealth Management Co. increased its stake in shares of Innovator U.S. Equity Power Buffer ETF – September by 159,633.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,070,212 shares of the company’s stock worth $46,788,000 after purchasing an additional 1,069,542 shares during the last quarter. Citadel Advisors LLC grew its holdings in Innovator U.S. Equity Power Buffer ETF – September by 7,856.9% during the third quarter. Citadel Advisors LLC now owns 699,094 shares of the company’s stock valued at $30,026,000 after purchasing an additional 690,308 shares during the period. Susquehanna International Group LLP increased its position in Innovator U.S. Equity Power Buffer ETF – September by 2,832.0% in the third quarter. Susquehanna International Group LLP now owns 618,002 shares of the company’s stock worth $26,543,000 after buying an additional 596,924 shares during the last quarter. Lido Advisors LLC purchased a new stake in Innovator U.S. Equity Power Buffer ETF – September in the fourth quarter worth $24,178,000. Finally, Focus Partners Wealth raised its stake in shares of Innovator U.S. Equity Power Buffer ETF – September by 431.0% in the fourth quarter. Focus Partners Wealth now owns 401,664 shares of the company’s stock valued at $17,560,000 after buying an additional 326,021 shares during the period.

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

The Innovator S&P 500 Power Buffer ETF – September (PSEP) 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. PSEP was launched on Sep 3, 2019 and is managed by Innovator.