Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) Trading Up 0.1% – Here’s What Happened

Shares of Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) were up 0.1% during mid-day trading on Friday . The company traded as high as $17.19 and last traded at $17.11. Approximately 4,825 shares changed hands during trading, a decline of 66% from the average daily volume of 14,179 shares. The stock had previously closed at $17.09.

Innovator S&P Investment Grade Preferred ETF Stock Up 0.1%

The firm’s fifty day moving average is $17.03 and its two-hundred day moving average is $17.54.

Innovator S&P Investment Grade Preferred ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were issued a $0.085 dividend. The ex-dividend date of this dividend was Friday, February 27th. This represents a c) annualized dividend and a yield of 6.0%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of EPRF. Royal Bank of Canada boosted its holdings in Innovator S&P Investment Grade Preferred ETF by 29.3% in the 1st quarter. Royal Bank of Canada now owns 527,526 shares of the company’s stock worth $9,319,000 after buying an additional 119,504 shares during the period. Raymond James Financial Inc. boosted its holdings in Innovator S&P Investment Grade Preferred ETF by 3.7% in the 2nd quarter. Raymond James Financial Inc. now owns 72,435 shares of the company’s stock worth $1,277,000 after buying an additional 2,553 shares during the period. Jane Street Group LLC bought a new position in Innovator S&P Investment Grade Preferred ETF in the 2nd quarter worth $670,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Innovator S&P Investment Grade Preferred ETF by 72.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 92,771 shares of the company’s stock worth $1,696,000 after buying an additional 39,000 shares during the period. Finally, Whipplewood Advisors LLC boosted its holdings in Innovator S&P Investment Grade Preferred ETF by 5.2% in the 3rd quarter. Whipplewood Advisors LLC now owns 37,800 shares of the company’s stock worth $691,000 after buying an additional 1,877 shares during the period.

Innovator S&P Investment Grade Preferred ETF Company Profile

The Innovator S&P Investment Grade Preferred ETF (EPRF) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index composed of U.S.-listed, investment grade, fixed-rate preferred issues, with a modified equal weighting. EPRF was launched on May 24, 2016 and is managed by Innovator.