Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Reaches New 12-Month High – Here’s Why

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) reached a new 52-week high during trading on Thursday . The stock traded as high as $42.32 and last traded at $42.3140, with a volume of 3746 shares trading hands. The stock had previously closed at $42.13.

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

The firm’s 50 day simple moving average is $41.68 and its 200-day simple moving average is $40.89. The company has a market cap of $712.31 million, a price-to-earnings ratio of 23.79 and a beta of 0.44.

Hedge Funds Weigh In On Innovator U.S. Equity Power Buffer ETF – May

Institutional investors and hedge funds have recently bought and sold shares of the business. Jessup Wealth Management Inc purchased a new position in Innovator U.S. Equity Power Buffer ETF – May in the 4th quarter worth approximately $56,000. Continuum Advisory LLC purchased a new position in Innovator U.S. Equity Power Buffer ETF – May during the second quarter worth approximately $65,000. Fifth Third Bancorp acquired a new position in Innovator U.S. Equity Power Buffer ETF – May during the first quarter worth $80,000. Foundry Financial Group Inc. acquired a new position in Innovator U.S. Equity Power Buffer ETF – May during the fourth quarter worth $203,000. Finally, WMS Group LLC purchased a new stake in Innovator U.S. Equity Power Buffer ETF – May in the 4th quarter valued at $238,000.

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

The Innovator S&P 500 Power Buffer ETF – May (PMAY) 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. PMAY was launched on May 1, 2020 and is managed by Innovator.