Innovator U.S. Equity Power Buffer ETF – January (BATS:PJAN) Reaches New 1-Year High – Should You Buy?

Innovator U.S. Equity Power Buffer ETF – January (BATS:PJAN) shares reached a new 52-week high on Monday . The stock traded as high as $46.32 and last traded at $46.0890, with a volume of 27366 shares trading hands. The stock had previously closed at $46.2350.

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

The firm’s 50 day moving average price is $45.91 and its 200-day moving average price is $44.72. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 24.16 and a beta of 0.47.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in PJAN. LPL Financial LLC lifted its stake in shares of Innovator U.S. Equity Power Buffer ETF – January by 362.1% in the first quarter. LPL Financial LLC now owns 658,097 shares of the company’s stock valued at $27,291,000 after buying an additional 515,697 shares during the period. Mutual Advisors LLC raised its holdings in Innovator U.S. Equity Power Buffer ETF – January by 1,281.2% in the 3rd quarter. Mutual Advisors LLC now owns 432,054 shares of the company’s stock valued at $19,887,000 after acquiring an additional 400,773 shares in the last quarter. Blair William & Co. IL lifted its position in shares of Innovator U.S. Equity Power Buffer ETF – January by 2,230.0% in the 1st quarter. Blair William & Co. IL now owns 351,083 shares of the company’s stock worth $14,559,000 after acquiring an additional 336,015 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of Innovator U.S. Equity Power Buffer ETF – January by 27.7% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,403,353 shares of the company’s stock worth $61,818,000 after purchasing an additional 303,991 shares in the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of Innovator U.S. Equity Power Buffer ETF – January by 38.3% during the 1st quarter. Raymond James Financial Inc. now owns 734,306 shares of the company’s stock worth $30,452,000 after purchasing an additional 203,199 shares in the last quarter.

About Innovator U.S. Equity Power Buffer ETF – January

The Innovator U.S. Equity Power Buffer ETF – January (PJAN) 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. PJAN was launched on Jan 2, 2019 and is managed by Innovator.