Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) shares crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $42.28 and traded as high as $42.40. Innovator U.S. Equity Power Buffer ETF – May shares last traded at $42.31, with a volume of 44,095 shares changing hands.

Innovator U.S. Equity Power Buffer ETF – May Trading Up 0.7%

The stock has a market capitalization of $784.00 million, a PE ratio of 23.79 and a beta of 0.44. The company’s 50-day moving average is $42.28 and its 200 day moving average is $41.16.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PMAY. Brookstone Capital Management purchased a new position in shares of Innovator U.S. Equity Power Buffer ETF – May in the third quarter worth $32,705,000. Commonwealth Equity Services LLC acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May during the third quarter worth $9,759,000. Kestra Advisory Services LLC lifted its stake in shares of Innovator U.S. Equity Power Buffer ETF – May by 43.9% during the third quarter. Kestra Advisory Services LLC now owns 198,115 shares of the company’s stock worth $8,371,000 after buying an additional 60,440 shares during the period. HighTower Advisors LLC purchased a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May during the third quarter valued at $8,290,000. Finally, Lynx Capital Group Ltd. ADV purchased a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May during the third quarter valued at $6,862,000.

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

The Innovator S&P 500 Power Buffer ETF – May (PMAY) 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. PMAY was launched on May 1, 2020 and is managed by Innovator.