WorthPointe LLC Buys New Stake in Innovator Equity Managed Floor ETF $SFLR

WorthPointe LLC bought a new stake in Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 11,480 shares of the company’s stock, valued at approximately $385,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Lifeworks Advisors LLC boosted its position in Innovator Equity Managed Floor ETF by 1.5% in the 2nd quarter. Lifeworks Advisors LLC now owns 32,070 shares of the company’s stock valued at $1,077,000 after buying an additional 477 shares during the period. Flagship Harbor Advisors LLC purchased a new stake in Innovator Equity Managed Floor ETF in the second quarter valued at $1,638,000. GWN Securities Inc. raised its holdings in shares of Innovator Equity Managed Floor ETF by 10.8% in the second quarter. GWN Securities Inc. now owns 50,822 shares of the company’s stock valued at $1,706,000 after buying an additional 4,942 shares during the last quarter. Delta Investment Management LLC raised its holdings in shares of Innovator Equity Managed Floor ETF by 5.1% in the second quarter. Delta Investment Management LLC now owns 888,058 shares of the company’s stock valued at $29,812,000 after buying an additional 43,113 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Innovator Equity Managed Floor ETF by 55.4% in the second quarter. Envestnet Asset Management Inc. now owns 378,784 shares of the company’s stock valued at $12,692,000 after buying an additional 135,057 shares during the last quarter.

Innovator Equity Managed Floor ETF Stock Performance

Shares of NYSEARCA:SFLR opened at $36.91 on Tuesday. The company has a 50-day simple moving average of $35.88 and a 200-day simple moving average of $34.11. Innovator Equity Managed Floor ETF has a one year low of $29.14 and a one year high of $37.00. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 26.45 and a beta of 0.72.

Innovator Equity Managed Floor ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Stockholders of record on Tuesday, September 30th were issued a $0.032 dividend. This represents a $0.13 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, September 30th.

About Innovator Equity Managed Floor ETF

The Innovator Equity Managed Floor ETF (SFLR) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide capital appreciation by holding a portfolio of large-cap US stocks while hedging the downside risk using a laddered options strategy. The fund utilizes four, one-year FLEX options packages with staggered 3-month expiration dates to target a maximum loss of approximately 10% on a rolling 12-month basis.