Innovator U.S. Equity Power Buffer ETF – October (BATS:POCT) Hits New 52-Week High – Still a Buy?

Shares of Innovator U.S. Equity Power Buffer ETF – October (BATS:POCT) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $45.19 and last traded at $45.17, with a volume of 132192 shares. The stock had previously closed at $45.14.

Innovator U.S. Equity Power Buffer ETF – October Stock Down 0.1%

The stock’s 50-day moving average price is $43.86 and its 200-day moving average price is $43.74. The company has a market capitalization of $905.21 million, a price-to-earnings ratio of 24.14 and a beta of 0.37.

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

A number of large investors have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. acquired a new position in Innovator U.S. Equity Power Buffer ETF – October in the third quarter valued at approximately $29,000. Key Capital Management INC acquired a new position in Innovator U.S. Equity Power Buffer ETF – October in the fourth quarter valued at approximately $46,000. Stone House Investment Management LLC acquired a new position in Innovator U.S. Equity Power Buffer ETF – October in the fourth quarter valued at approximately $71,000. Garton & Associates Financial Advisors LLC acquired a new position in Innovator U.S. Equity Power Buffer ETF – October in the fourth quarter valued at approximately $71,000. Finally, Optima Capital LLC acquired a new position in Innovator U.S. Equity Power Buffer ETF – October in the fourth quarter valued at approximately $86,000.

Innovator U.S. Equity Power Buffer ETF – October Company Profile

The Innovator S&P 500 Power Buffer ETF – October (POCT) 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. POCT was launched on Oct 1, 2018 and is managed by Innovator.