Beacon Financial Strategies CORP Takes $540,000 Position in Innovator Equity Managed Floor ETF $SFLR

Beacon Financial Strategies CORP acquired a new stake in shares of Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 13,987 shares of the company’s stock, valued at approximately $540,000. Innovator Equity Managed Floor ETF accounts for approximately 0.3% of Beacon Financial Strategies CORP’s portfolio, making the stock its 22nd biggest position.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jane Street Group LLC increased its stake in shares of Innovator Equity Managed Floor ETF by 194.5% in the first quarter. Jane Street Group LLC now owns 21,193 shares of the company’s stock worth $665,000 after purchasing an additional 13,997 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of Innovator Equity Managed Floor ETF by 93.3% during the 2nd quarter. NewEdge Advisors LLC now owns 278,721 shares of the company’s stock valued at $9,357,000 after buying an additional 134,521 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of Innovator Equity Managed Floor ETF by 3.8% during the 2nd quarter. Quantinno Capital Management LP now owns 13,263 shares of the company’s stock valued at $445,000 after buying an additional 486 shares in the last quarter. Raymond James Financial Inc. bought a new position in Innovator Equity Managed Floor ETF in the 2nd quarter worth $2,524,000. Finally, Bank of America Corp DE bought a new position in Innovator Equity Managed Floor ETF in the 2nd quarter worth $1,219,000.

Innovator Equity Managed Floor ETF Stock Performance

Shares of SFLR stock opened at $39.01 on Friday. Innovator Equity Managed Floor ETF has a 52-week low of $34.46 and a 52-week high of $40.12. The firm has a market capitalization of $2.15 billion, a PE ratio of 26.45 and a beta of 0.69. The stock has a fifty day simple moving average of $38.51 and a two-hundred day simple moving average of $37.39.

Innovator Equity Managed Floor ETF Profile

The Innovator Equity Managed Floor ETF (SFLR) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide capital appreciation by holding a portfolio of large-cap US stocks while hedging the downside risk using a laddered options strategy. The fund utilizes four, one-year FLEX options packages with staggered 3-month expiration dates to target a maximum loss of approximately 10% on a rolling 12-month basis. SFLR was launched on Nov 8, 2022 and is managed by Innovator.