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

Innovator U.S. Equity Power Buffer ETF – October (BATS:POCT) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $46.22 and last traded at $46.12, with a volume of 27058 shares. The stock had previously closed at $46.02.

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

The firm’s 50 day moving average price is $44.61 and its 200-day moving average price is $44.12. The stock has a market cap of $926.09 million, a P/E ratio of 24.14 and a beta of 0.37.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in POCT. Cerity Partners LLC lifted its stake in shares of Innovator U.S. Equity Power Buffer ETF – October by 0.9% in the second quarter. Cerity Partners LLC now owns 42,599 shares of the company’s stock worth $1,759,000 after buying an additional 378 shares in the last quarter. Benjamin Edwards Inc. bought a new position in shares of Innovator U.S. Equity Power Buffer ETF – October in the second quarter worth approximately $1,208,000. Sequoia Financial Advisors LLC lifted its stake in shares of Innovator U.S. Equity Power Buffer ETF – October by 4.1% in the third quarter. Sequoia Financial Advisors LLC now owns 6,566 shares of the company’s stock worth $283,000 after buying an additional 256 shares in the last quarter. Arkadios Wealth Advisors bought a new position in shares of Innovator U.S. Equity Power Buffer ETF – October in the third quarter worth approximately $350,000. Finally, Straight Path Wealth Management lifted its stake in shares of Innovator U.S. Equity Power Buffer ETF – October by 10.1% in the third quarter. Straight Path Wealth Management now owns 5,746 shares of the company’s stock worth $248,000 after buying an additional 528 shares in the last quarter.

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

The Innovator S&P 500 Power Buffer ETF – October (POCT) 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. POCT was launched on Oct 1, 2018 and is managed by Innovator.