Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Reaches New 52-Week High – Here’s Why

Shares of Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) hit a new 52-week high on Monday . The company traded as high as $39.42 and last traded at $39.6760, with a volume of 6320 shares trading hands. The stock had previously closed at $39.39.

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

The firm has a market capitalization of $667.81 million, a P/E ratio of 23.79 and a beta of 0.44. The stock’s fifty day simple moving average is $39.24 and its 200 day simple moving average is $38.66.

Institutional Investors Weigh In On Innovator U.S. Equity Power Buffer ETF – May

Several institutional investors have recently bought and sold shares of PMAY. Alliancebernstein L.P. grew its holdings in Innovator U.S. Equity Power Buffer ETF – May by 28.2% in the second quarter. Alliancebernstein L.P. now owns 3,546,015 shares of the company’s stock worth $133,998,000 after purchasing an additional 779,446 shares during the last quarter. Penserra Capital Management LLC boosted its position in shares of Innovator U.S. Equity Power Buffer ETF – May by 1.7% in the 3rd quarter. Penserra Capital Management LLC now owns 1,571,751 shares of the company’s stock worth $61,133,000 after purchasing an additional 25,680 shares in the last quarter. Raymond James Financial Inc. grew its stake in Innovator U.S. Equity Power Buffer ETF – May by 26.7% during the 2nd quarter. Raymond James Financial Inc. now owns 507,341 shares of the company’s stock worth $19,172,000 after buying an additional 106,807 shares during the last quarter. Osaic Holdings Inc. increased its position in Innovator U.S. Equity Power Buffer ETF – May by 20.7% during the 2nd quarter. Osaic Holdings Inc. now owns 495,679 shares of the company’s stock valued at $18,727,000 after buying an additional 84,913 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in Innovator U.S. Equity Power Buffer ETF – May by 10.8% in the second quarter. Cetera Investment Advisers now owns 258,367 shares of the company’s stock valued at $9,763,000 after buying an additional 25,192 shares during the last quarter.

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

The Innovator S&P 500 Power Buffer ETF – May (PMAY) 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. PMAY was launched on May 1, 2020 and is managed by Innovator.