Innovator U.S. Equity Power Buffer ETF – August (BATS:PAUG) Reaches New 52-Week High – Still a Buy?

Innovator U.S. Equity Power Buffer ETF – August (BATS:PAUG)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $46.74 and last traded at $46.69, with a volume of 6697 shares changing hands. The stock had previously closed at $46.58.

Innovator U.S. Equity Power Buffer ETF – August Price Performance

The stock has a market capitalization of $906.56 million, a P/E ratio of 24.79 and a beta of 0.48. The stock’s 50-day simple moving average is $45.70 and its 200 day simple moving average is $44.49.

Institutional Trading of Innovator U.S. Equity Power Buffer ETF – August

A number of hedge funds have recently modified their holdings of PAUG. JPMorgan Chase & Co. boosted its stake in Innovator U.S. Equity Power Buffer ETF – August by 15.4% during the second quarter. JPMorgan Chase & Co. now owns 1,859 shares of the company’s stock worth $75,000 after acquiring an additional 248 shares in the last quarter. First Commonwealth Financial Corp PA increased its stake in Innovator U.S. Equity Power Buffer ETF – August by 0.4% in the fourth quarter. First Commonwealth Financial Corp PA now owns 65,840 shares of the company’s stock valued at $2,848,000 after purchasing an additional 259 shares in the last quarter. NewEdge Advisors LLC increased its stake in Innovator U.S. Equity Power Buffer ETF – August by 1.3% in the third quarter. NewEdge Advisors LLC now owns 20,758 shares of the company’s stock valued at $882,000 after purchasing an additional 276 shares in the last quarter. Cornerstone Wealth Group LLC increased its stake in Innovator U.S. Equity Power Buffer ETF – August by 0.9% in the fourth quarter. Cornerstone Wealth Group LLC now owns 33,118 shares of the company’s stock valued at $1,432,000 after purchasing an additional 284 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its holdings in shares of Innovator U.S. Equity Power Buffer ETF – August by 2.6% during the first quarter. Apollon Wealth Management LLC now owns 12,922 shares of the company’s stock valued at $552,000 after purchasing an additional 322 shares during the period.

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

The Innovator U.S. Equity Power Buffer ETF – August (PAUG) 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. PAUG was launched on Aug 1, 2019 and is managed by Innovator.