Innovator Equity Managed Floor ETF $SFLR Stock: Winnacle Wealth LLC Decreases Holdings

Winnacle Wealth LLC cut its holdings in shares of Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) by 13.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 207,267 shares of the company’s stock after selling 32,043 shares during the period. Innovator Equity Managed Floor ETF makes up about 4.9% of Winnacle Wealth LLC’s portfolio, making the stock its 3rd largest holding. Winnacle Wealth LLC owned 0.36% of Innovator Equity Managed Floor ETF worth $8,073,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Physician Wealth Advisors Inc. acquired a new position in Innovator Equity Managed Floor ETF in the 1st quarter worth about $96,000. Royal Bank of Canada acquired a new stake in Innovator Equity Managed Floor ETF in the first quarter valued at approximately $104,000. Fifth Third Bancorp purchased a new stake in shares of Innovator Equity Managed Floor ETF in the first quarter valued at approximately $137,000. Sound Income Strategies LLC purchased a new stake in shares of Innovator Equity Managed Floor ETF in the first quarter valued at approximately $146,000. Finally, First Heartland Consultants Inc. purchased a new stake in shares of Innovator Equity Managed Floor ETF in the third quarter valued at approximately $240,000.

Innovator Equity Managed Floor ETF Price Performance

Shares of SFLR stock opened at $39.45 on Thursday. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 26.45 and a beta of 0.69. The stock has a 50 day simple moving average of $39.10 and a 200-day simple moving average of $38.24. Innovator Equity Managed Floor ETF has a 1-year low of $34.69 and a 1-year high of $40.41.

Innovator Equity Managed Floor ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Wednesday, September 30th were paid a $0.0195 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.08 dividend on an annualized basis and a yield of 0.2%. This is a decrease from Innovator Equity Managed Floor ETF’s previous quarterly dividend of $0.0227.

Innovator Equity Managed Floor ETF Company Profile

The Innovator Equity Managed Floor ETF (SFLR) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide capital appreciation by holding a portfolio of large-cap US stocks while hedging the downside risk using a laddered options strategy. The fund utilizes four, one-year FLEX options packages with staggered 3-month expiration dates to target a maximum loss of approximately 10% on a rolling 12-month basis. SFLR was launched on Nov 8, 2022 and is managed by Innovator.