Innovator U.S. Equity Power Buffer ETF – July (BATS:PJUL) Hits New 52-Week High – Should You Buy?

Innovator U.S. Equity Power Buffer ETF – July (BATS:PJUL) shares reached a new 52-week high on Tuesday . The stock traded as high as $48.53 and last traded at $48.53, with a volume of 2665 shares traded. The stock had previously closed at $48.42.

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

The stock’s 50 day moving average is $47.32 and its two-hundred day moving average is $46.73. The stock has a market capitalization of $1.01 billion, a PE ratio of 24.44 and a beta of 0.46.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of PJUL. Penserra Capital Management LLC raised its position in Innovator U.S. Equity Power Buffer ETF – July by 1.7% in the 3rd quarter. Penserra Capital Management LLC now owns 1,393,579 shares of the company’s stock valued at $63,547,000 after purchasing an additional 22,770 shares in the last quarter. Allworth Financial LP grew its position in shares of Innovator U.S. Equity Power Buffer ETF – July by 16,594.1% during the third quarter. Allworth Financial LP now owns 1,308,146 shares of the company’s stock worth $59,651,000 after buying an additional 1,300,310 shares in the last quarter. Blair William & Co. IL increased its stake in shares of Innovator U.S. Equity Power Buffer ETF – July by 82.2% during the third quarter. Blair William & Co. IL now owns 638,473 shares of the company’s stock worth $29,114,000 after buying an additional 287,972 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of 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 worth $24,479,000 after buying an additional 110,561 shares during the period. Finally, Raymond James Financial Inc. raised its holdings in Innovator U.S. Equity Power Buffer ETF – July by 11.7% in the third quarter. Raymond James Financial Inc. now owns 526,938 shares of the company’s stock valued at $24,028,000 after acquiring an additional 55,198 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.