Innovator U.S. Equity Power Buffer ETF – July (BATS:PJUL) Hits New 1-Year High – Still a Buy?

Innovator U.S. Equity Power Buffer ETF – July (BATS:PJUL) hit a new 52-week high during trading on Tuesday . The stock traded as high as $45.89 and last traded at $46.4960, with a volume of 71411 shares changing hands. The stock had previously closed at $45.72.

Innovator U.S. Equity Power Buffer ETF – July Stock Performance

The company has a 50-day simple moving average of $46.23 and a 200 day simple moving average of $45.45. The company has a market capitalization of $965.83 million, a P/E ratio of 24.44 and a beta of 0.46.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Ameritas Advisory Services LLC bought a new stake in shares of Innovator U.S. Equity Power Buffer ETF – July in the 2nd quarter valued at about $26,000. Bernard Wealth Management Corp. increased its stake in Innovator U.S. Equity Power Buffer ETF – July by 124.9% during the 3rd quarter. Bernard Wealth Management Corp. now owns 1,082 shares of the company’s stock worth $49,000 after purchasing an additional 601 shares in the last quarter. Chapman Financial Group LLC acquired a new stake in Innovator U.S. Equity Power Buffer ETF – July during the 2nd quarter worth approximately $53,000. PFS Partners LLC bought a new position in Innovator U.S. Equity Power Buffer ETF – July in the second quarter valued at approximately $69,000. Finally, MMA Asset Management LLC acquired a new position in shares of Innovator U.S. Equity Power Buffer ETF – July in the third quarter valued at approximately $115,000.

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

The Innovator S&P 500 Power Buffer ETF — July (PJUL) is an exchange-traded fund that is based on the S&P 500 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. PJUL was launched on Aug 8, 2018 and is managed by Innovator.