Evolution Wealth Management Inc. Lowers Stake in Innovator Power Buffer Step-Up Strategy ETF $PSTP

Evolution Wealth Management Inc. cut its position in shares of Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) by 39.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,301 shares of the company’s stock after selling 27,676 shares during the quarter. Innovator Power Buffer Step-Up Strategy ETF makes up 1.2% of Evolution Wealth Management Inc.’s investment portfolio, making the stock its 19th largest position. Evolution Wealth Management Inc. owned about 1.18% of Innovator Power Buffer Step-Up Strategy ETF worth $1,495,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. COFG Advisors LLC purchased a new stake in shares of Innovator Power Buffer Step-Up Strategy ETF during the fourth quarter worth about $315,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Innovator Power Buffer Step-Up Strategy ETF during the fourth quarter worth about $305,000. Signature Estate & Investment Advisors LLC grew its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 4.3% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 44,743 shares of the company’s stock worth $1,582,000 after buying an additional 1,856 shares in the last quarter. Brown Wealth Management LLC grew its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 4.7% during the fourth quarter. Brown Wealth Management LLC now owns 290,966 shares of the company’s stock worth $10,285,000 after buying an additional 13,028 shares in the last quarter. Finally, HighTower Advisors LLC grew its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 0.4% during the fourth quarter. HighTower Advisors LLC now owns 219,506 shares of the company’s stock worth $7,759,000 after buying an additional 925 shares in the last quarter.

Innovator Power Buffer Step-Up Strategy ETF Price Performance

Shares of NYSEARCA PSTP opened at $36.77 on Thursday. The company has a market cap of $130.53 million, a PE ratio of 24.87 and a beta of 0.52. Innovator Power Buffer Step-Up Strategy ETF has a 12 month low of $32.58 and a 12 month high of $37.01. The company has a 50-day simple moving average of $35.80 and a 200-day simple moving average of $35.46.

Innovator Power Buffer Step-Up Strategy ETF Company Profile

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. PSTP was launched on Mar 8, 2022 and is managed by Innovator.