Innovator U.S. Equity Power Buffer ETF – August (BATS:PAUG) Reaches New 1-Year High – Still a Buy?

Shares of Innovator U.S. Equity Power Buffer ETF – August (BATS:PAUG) hit a new 52-week high on Tuesday . The stock traded as high as $45.25 and last traded at $45.25, with a volume of 457 shares. The stock had previously closed at $45.15.

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

The company has a market capitalization of $878.63 million, a price-to-earnings ratio of 24.79 and a beta of 0.48. The company’s fifty day simple moving average is $43.97 and its two-hundred day simple moving average is $43.49.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PAUG. Alliancebernstein L.P. lifted its position in shares of Innovator U.S. Equity Power Buffer ETF – August by 28.3% in the 3rd quarter. Alliancebernstein L.P. now owns 3,324,821 shares of the company’s stock worth $141,205,000 after buying an additional 733,172 shares during the last quarter. Focus Partners Wealth lifted its position in shares of Innovator U.S. Equity Power Buffer ETF – August by 198.7% in the 4th quarter. Focus Partners Wealth now owns 566,642 shares of the company’s stock worth $24,507,000 after buying an additional 376,961 shares during the last quarter. Rothschild Wealth LLC bought a new position in shares of Innovator U.S. Equity Power Buffer ETF – August in the 4th quarter worth about $7,854,000. SageView Advisory Group LLC lifted its position in shares of Innovator U.S. Equity Power Buffer ETF – August by 1,416.9% in the 3rd quarter. SageView Advisory Group LLC now owns 186,140 shares of the company’s stock worth $7,905,000 after buying an additional 173,869 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC grew its position in Innovator U.S. Equity Power Buffer ETF – August by 63.6% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 392,648 shares of the company’s stock worth $16,676,000 after purchasing an additional 152,591 shares during the last quarter.

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

The Innovator U.S. Equity Power Buffer ETF – August (PAUG) 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. PAUG was launched on Aug 1, 2019 and is managed by Innovator.