KFG Wealth Management LLC Has $8.69 Million Stake in Innovator Power Buffer Step-Up Strategy ETF $PSTP

KFG Wealth Management LLC lowered its position in shares of Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) by 51.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 252,009 shares of the company’s stock after selling 268,072 shares during the quarter. Innovator Power Buffer Step-Up Strategy ETF comprises 1.1% of KFG Wealth Management LLC’s investment portfolio, making the stock its 18th biggest holding. KFG Wealth Management LLC owned about 7.00% of Innovator Power Buffer Step-Up Strategy ETF worth $8,687,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Allworth Financial LP bought a new position in shares of Innovator Power Buffer Step-Up Strategy ETF in the 3rd quarter worth about $49,000. Capital Investment Advisory Services LLC boosted its position in shares of Innovator Power Buffer Step-Up Strategy ETF by 30.2% during the 4th quarter. Capital Investment Advisory Services LLC now owns 2,296 shares of the company’s stock valued at $81,000 after purchasing an additional 532 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in Innovator Power Buffer Step-Up Strategy ETF during the first quarter worth approximately $238,000. JPMorgan Chase & Co. grew its stake in Innovator Power Buffer Step-Up Strategy ETF by 2,234.3% during the third quarter. JPMorgan Chase & Co. now owns 7,680 shares of the company’s stock worth $267,000 after purchasing an additional 7,351 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in Innovator Power Buffer Step-Up Strategy ETF during the third quarter worth approximately $289,000.

Innovator Power Buffer Step-Up Strategy ETF Stock Performance

Shares of PSTP stock opened at $36.43 on Thursday. Innovator Power Buffer Step-Up Strategy ETF has a fifty-two week low of $33.10 and a fifty-two week high of $37.01. The stock has a 50 day simple moving average of $36.36 and a two-hundred day simple moving average of $35.65. The company has a market cap of $129.33 million, a P/E ratio of 24.87 and a beta of 0.52.

About Innovator Power Buffer Step-Up Strategy ETF

The Innovator Power Buffer Step-Up Strategy ETF (PSTP) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trus index. The fund aims for buffered losses and gains on the SPDR S&P 500 ETF Trust (SPY) through the active use of FLEX options, which it rebalances monthly. The fund intends to opportunistically reset its portfolio prior to the one-year expiration date of the options. PSTP was launched on Mar 8, 2022 and is managed by Innovator.