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

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $39.7375 and last traded at $39.79, with a volume of 23573 shares traded. The stock had previously closed at $39.58.

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

The stock’s fifty day simple moving average is $39.48 and its two-hundred day simple moving average is $38.91. The company has a market capitalization of $669.93 million, a price-to-earnings ratio of 23.79 and a beta of 0.44.

Hedge Funds Weigh In On Innovator U.S. Equity Power Buffer ETF – May

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Alliancebernstein L.P. raised its position in shares of Innovator U.S. Equity Power Buffer ETF – May by 28.2% during the 2nd 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 period. Penserra Capital Management LLC grew its stake in Innovator U.S. Equity Power Buffer ETF – May by 1.7% during the 3rd quarter. Penserra Capital Management LLC now owns 1,571,751 shares of the company’s stock worth $61,133,000 after buying an additional 25,680 shares during the last quarter. Raymond James Financial Inc. increased its position in Innovator U.S. Equity Power Buffer ETF – May by 26.7% in the second 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 period. Osaic Holdings Inc. lifted its stake in Innovator U.S. Equity Power Buffer ETF – May by 20.7% in the second 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 during the last quarter. Finally, Cetera Investment Advisers lifted 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.