Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP) Reaches New 12-Month High – Still a Buy?

Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $46.69 and last traded at $46.68, with a volume of 2810 shares trading hands. The stock had previously closed at $46.65.

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

The company has a market cap of $833.06 million, a price-to-earnings ratio of 25.05 and a beta of 0.48. The company has a fifty day moving average of $46.09 and a two-hundred day moving average of $44.92.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC lifted its position in shares of Innovator U.S. Equity Power Buffer ETF – September by 1.8% during the first quarter. AQR Capital Management LLC now owns 15,255 shares of the company’s stock valued at $586,000 after purchasing an additional 275 shares in the last quarter. Creative Planning bought a new position in shares of Innovator U.S. Equity Power Buffer ETF – September in the second quarter worth $200,000. Cerity Partners LLC raised its holdings in shares of Innovator U.S. Equity Power Buffer ETF – September by 189.2% in the 2nd quarter. Cerity Partners LLC now owns 30,844 shares of the company’s stock valued at $1,261,000 after acquiring an additional 20,177 shares in the last quarter. Benjamin Edwards Inc. lifted its position in Innovator U.S. Equity Power Buffer ETF – September by 9.5% during the second quarter. Benjamin Edwards Inc. now owns 11,479 shares of the company’s stock valued at $469,000 after purchasing an additional 1,000 shares during the last quarter. Finally, MML Investors Services LLC lifted its holdings in shares of Innovator U.S. Equity Power Buffer ETF – September by 190.6% during the 2nd quarter. MML Investors Services LLC now owns 122,394 shares of the company’s stock worth $5,005,000 after acquiring an additional 80,272 shares during the last quarter.

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.