Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP) Hits New 12-Month High – What’s Next?

Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP) hit a new 52-week high on Wednesday . The stock traded as high as $45.81 and last traded at $45.73, with a volume of 13182 shares traded. The stock had previously closed at $45.66.

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

The company has a 50-day simple moving average of $44.53 and a two-hundred day simple moving average of $43.98. The stock has a market capitalization of $817.89 million, a price-to-earnings ratio of 25.05 and a beta of 0.48.

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

A number of institutional investors and hedge funds have recently modified their holdings of PSEP. Cornerstone Wealth LLC TN purchased a new position in Innovator U.S. Equity Power Buffer ETF – September in the 1st quarter worth about $1,482,000. Envision Financial Transparency LLC purchased a new position in Innovator U.S. Equity Power Buffer ETF – September in the 1st quarter worth about $900,000. Independent Financial Group LLC purchased a new position in Innovator U.S. Equity Power Buffer ETF – September in the 1st quarter worth about $597,000. Kestra Advisory Services LLC increased its stake in Innovator U.S. Equity Power Buffer ETF – September by 11.0% in the 1st quarter. Kestra Advisory Services LLC now owns 354,994 shares of the company’s stock worth $15,286,000 after purchasing an additional 35,050 shares in the last quarter. Finally, Ascentis Independent Advisors purchased a new position in Innovator U.S. Equity Power Buffer ETF – September in the 1st quarter worth about $1,330,000.

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

The Innovator S&P 500 Power Buffer ETF – September (PSEP) 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. PSEP was launched on Sep 3, 2019 and is managed by Innovator.