Innovator U.S. Equity Power Buffer ETF – July (BATS:PJUL) Reaches New 52-Week High – Still a Buy?

Innovator U.S. Equity Power Buffer ETF – July (BATS:PJUL)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $48.32 and last traded at $48.32, with a volume of 38259 shares. The stock had previously closed at $48.24.

Innovator U.S. Equity Power Buffer ETF – July Trading Up 0.6%

The stock has a market cap of $1.01 billion, a P/E ratio of 24.44 and a beta of 0.46. The stock has a 50 day simple moving average of $46.97 and a 200 day simple moving average of $46.57.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP increased its holdings in Innovator U.S. Equity Power Buffer ETF – July by 16,594.1% in the 3rd quarter. Allworth Financial LP now owns 1,308,146 shares of the company’s stock valued at $59,651,000 after buying an additional 1,300,310 shares during the period. Compass Advisory Group LLC lifted its holdings in shares of Innovator U.S. Equity Power Buffer ETF – July by 2,036.8% during the 3rd quarter. Compass Advisory Group LLC now owns 513,091 shares of the company’s stock worth $23,397,000 after acquiring an additional 489,079 shares during the period. Focus Partners Wealth boosted its position in shares of Innovator U.S. Equity Power Buffer ETF – July by 750.8% during the 4th quarter. Focus Partners Wealth now owns 366,446 shares of the company’s stock worth $17,014,000 after acquiring an additional 323,374 shares in the last quarter. Blair William & Co. IL increased its stake in Innovator U.S. Equity Power Buffer ETF – July by 82.2% in the third quarter. Blair William & Co. IL now owns 638,473 shares of the company’s stock valued at $29,114,000 after acquiring an additional 287,972 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in Innovator U.S. Equity Power Buffer ETF – July by 25.9% during the third quarter. Envestnet Asset Management Inc. now owns 536,820 shares of the company’s stock valued at $24,479,000 after purchasing an additional 110,561 shares in the last quarter.

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

The Innovator S&P 500 Power Buffer ETF — July (PJUL) is an exchange-traded fund that is based on the S&P 500 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. PJUL was launched on Aug 8, 2018 and is managed by Innovator.