Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) Shares Down 0.4% – Here’s Why

Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) shares traded down 0.4% on Wednesday . The company traded as low as $16.58 and last traded at $16.60. Approximately 15,735 shares traded hands during mid-day trading, an increase of 25% from the average session volume of 12,551 shares. The stock had previously closed at $16.67.

Innovator S&P Investment Grade Preferred ETF Stock Performance

The business has a 50 day simple moving average of $16.73 and a 200-day simple moving average of $17.08.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. HRT Financial LP acquired a new stake in Innovator S&P Investment Grade Preferred ETF in the 4th quarter valued at about $198,000. FORM Wealth Advisors LLC bought a new stake in shares of Innovator S&P Investment Grade Preferred ETF in the 4th quarter worth approximately $235,000. Susquehanna International Group LLP lifted its stake in Innovator S&P Investment Grade Preferred ETF by 4.1% during the third quarter. Susquehanna International Group LLP now owns 20,495 shares of the company’s stock valued at $375,000 after purchasing an additional 805 shares during the last quarter. AlphaCore Capital LLC bought a new stake in Innovator S&P Investment Grade Preferred ETF during the fourth quarter worth approximately $413,000. Finally, Citadel Advisors LLC acquired a new position in Innovator S&P Investment Grade Preferred ETF in the third quarter worth approximately $446,000.

About Innovator S&P Investment Grade Preferred ETF

The Innovator S&P Investment Grade Preferred ETF (EPRF) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index composed of U.S.-listed, investment grade, fixed-rate preferred issues, with a modified equal weighting. EPRF was launched on May 24, 2016 and is managed by Innovator.