Cornerstone Wealth LLC TN Makes New $2.78 Million Investment in Innovator Index Autocallable Income Strategy ETF $ACII

Cornerstone Wealth LLC TN purchased a new stake in shares of Innovator Index Autocallable Income Strategy ETF (NYSEARCA:ACII) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 107,945 shares of the company’s stock, valued at approximately $2,783,000. Innovator Index Autocallable Income Strategy ETF makes up approximately 1.6% of Cornerstone Wealth LLC TN’s portfolio, making the stock its 19th largest position. Cornerstone Wealth LLC TN owned 3.50% of Innovator Index Autocallable Income Strategy ETF as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Founders Financial Securities LLC raised its holdings in shares of Innovator Index Autocallable Income Strategy ETF by 127.5% during the first quarter. Founders Financial Securities LLC now owns 96,665 shares of the company’s stock worth $2,464,000 after acquiring an additional 54,184 shares in the last quarter. Brookstone Capital Management purchased a new position in Innovator Index Autocallable Income Strategy ETF in the first quarter valued at about $15,806,000. Talon Private Wealth LLC acquired a new position in Innovator Index Autocallable Income Strategy ETF in the 1st quarter worth about $15,724,000. Wealthgarden F.S. LLC acquired a new position in Innovator Index Autocallable Income Strategy ETF in the 1st quarter worth about $247,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of Innovator Index Autocallable Income Strategy ETF during the 1st quarter worth about $32,000. 68.45% of the stock is owned by institutional investors and hedge funds.

Innovator Index Autocallable Income Strategy ETF Price Performance

Shares of Innovator Index Autocallable Income Strategy ETF stock opened at $25.24 on Thursday. The firm’s 50-day moving average price is $25.66. Innovator Index Autocallable Income Strategy ETF has a 52-week low of $24.69 and a 52-week high of $26.87.

Innovator Index Autocallable Income Strategy ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were given a dividend of $0.1956 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This is a boost from Innovator Index Autocallable Income Strategy ETF’s previous monthly dividend of $0.19. This represents a c) annualized dividend and a yield of 9.3%.