Diversify Wealth Management LLC Cuts Holdings in Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP)

Diversify Wealth Management LLC decreased its position in shares of Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) by 12.6% in the first quarter, HoldingsChannel reports. The firm owned 6,878 shares of the company’s stock after selling 988 shares during the quarter. Diversify Wealth Management LLC’s holdings in Innovator Power Buffer Step-Up Strategy ETF were worth $215,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PSTP. Brown Wealth Management LLC bought a new position in shares of Innovator Power Buffer Step-Up Strategy ETF in the 4th quarter valued at about $5,587,000. Townsquare Capital LLC bought a new position in shares of Innovator Power Buffer Step-Up Strategy ETF in the 4th quarter valued at about $5,569,000. Rovin Capital UT ADV bought a new position in shares of Innovator Power Buffer Step-Up Strategy ETF in the 1st quarter valued at about $3,889,000. HighTower Advisors LLC lifted its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 85.6% in the 4th quarter. HighTower Advisors LLC now owns 190,938 shares of the company’s stock valued at $6,116,000 after acquiring an additional 88,038 shares during the last quarter. Finally, Signature Estate & Investment Advisors LLC bought a new position in shares of Innovator Power Buffer Step-Up Strategy ETF in the 4th quarter valued at about $1,023,000.

Innovator Power Buffer Step-Up Strategy ETF Trading Up 0.1%

Shares of NYSEARCA:PSTP opened at $33.59 on Tuesday. Innovator Power Buffer Step-Up Strategy ETF has a 12 month low of $29.16 and a 12 month high of $34.00. The company has a 50-day moving average price of $32.75 and a 200 day moving average price of $32.10. The company has a market cap of $116.73 million, a price-to-earnings ratio of 24.87 and a beta of -0.55.

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.