Innovator U.S. Equity Power Buffer ETF – January (BATS:PJAN) Shares Break Above Fifty Day Moving Average – Here’s Why

Innovator U.S. Equity Power Buffer ETF – January (BATS:PJAN)’s stock price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $50.82 and traded as high as $51.13. Innovator U.S. Equity Power Buffer ETF – January shares last traded at $51.05, with a volume of 19,265 shares trading hands.

Innovator U.S. Equity Power Buffer ETF – January Stock Up 0.6%

The company has a fifty day simple moving average of $50.82 and a 200 day simple moving average of $49.11. The firm has a market capitalization of $1.42 billion, a P/E ratio of 24.16 and a beta of 0.51.

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

A number of hedge funds have recently bought and sold shares of the company. Jessup Wealth Management Inc grew its position in Innovator U.S. Equity Power Buffer ETF – January by 1.1% during the 1st quarter. Jessup Wealth Management Inc now owns 36,238 shares of the company’s stock valued at $1,672,000 after purchasing an additional 388 shares during the last quarter. Global Assets Advisory LLC purchased a new position in Innovator U.S. Equity Power Buffer ETF – January in the first quarter worth about $34,000. Private Advisor Group LLC lifted its stake in shares of Innovator U.S. Equity Power Buffer ETF – January by 21.5% in the first quarter. Private Advisor Group LLC now owns 5,408 shares of the company’s stock worth $249,000 after buying an additional 957 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in shares of Innovator U.S. Equity Power Buffer ETF – January by 9.0% in the first quarter. Chicago Partners Investment Group LLC now owns 15,510 shares of the company’s stock worth $750,000 after buying an additional 1,286 shares in the last quarter. Finally, MTM Financial Group LLC lifted its stake in shares of Innovator U.S. Equity Power Buffer ETF – January by 2.4% in the first quarter. MTM Financial Group LLC now owns 78,689 shares of the company’s stock worth $3,630,000 after buying an additional 1,830 shares in the last quarter.

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

The Innovator U.S. Equity Power Buffer ETF – January (PJAN) 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. PJAN was launched on Jan 2, 2019 and is managed by Innovator.