Southern Capital Advisors LLC Cuts Stake in Innovator Equity Managed Floor ETF $SFLR

Southern Capital Advisors LLC reduced its holdings in shares of Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) by 9.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 17,545 shares of the company’s stock after selling 1,881 shares during the period. Southern Capital Advisors LLC’s holdings in Innovator Equity Managed Floor ETF were worth $589,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SFLR. Hazlett Burt & Watson Inc. increased its stake in Innovator Equity Managed Floor ETF by 236.8% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 1,573 shares of the company’s stock worth $50,000 after buying an additional 1,106 shares during the period. Fiduciary Financial Group LLC purchased a new stake in Innovator Equity Managed Floor ETF during the 1st quarter worth approximately $228,000. West Michigan Advisors LLC purchased a new stake in shares of Innovator Equity Managed Floor ETF in the 1st quarter valued at approximately $232,000. Occidental Asset Management LLC increased its position in shares of Innovator Equity Managed Floor ETF by 8.9% in the 2nd quarter. Occidental Asset Management LLC now owns 8,525 shares of the company’s stock valued at $286,000 after purchasing an additional 700 shares during the last quarter. Finally, Belpointe Asset Management LLC purchased a new stake in shares of Innovator Equity Managed Floor ETF in the 1st quarter valued at approximately $293,000.

Innovator Equity Managed Floor ETF Trading Down 0.4%

Shares of NYSEARCA:SFLR opened at $35.68 on Friday. Innovator Equity Managed Floor ETF has a 52 week low of $29.14 and a 52 week high of $36.08. The company’s 50 day moving average is $34.98 and its two-hundred day moving average is $33.09. The company has a market cap of $915.19 million, a PE ratio of 26.45 and a beta of -0.70.

Innovator Equity Managed Floor ETF Company Profile

The Innovator Equity Managed Floor ETF (SFLR) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide capital appreciation by holding a portfolio of large-cap US stocks while hedging the downside risk using a laddered options strategy. The fund utilizes four, one-year FLEX options packages with staggered 3-month expiration dates to target a maximum loss of approximately 10% on a rolling 12-month basis.