Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) Trading Down 0.7% – Here’s Why

Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) fell 0.7% on Thursday . The stock traded as low as $17.80 and last traded at $17.7960. 13,542 shares changed hands during mid-day trading, a decline of 10% from the average session volume of 15,031 shares. The stock had previously closed at $17.92.

Innovator S&P Investment Grade Preferred ETF Price Performance

The company has a 50-day moving average price of $17.85 and a two-hundred day moving average price of $17.96.

Innovator S&P Investment Grade Preferred ETF Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, December 1st. Stockholders of record on Friday, November 28th were given a dividend of $0.085 per share. The ex-dividend date was Friday, November 28th. This represents a c) annualized dividend and a dividend yield of 5.7%.

Hedge Funds Weigh In On Innovator S&P Investment Grade Preferred ETF

Large investors have recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. increased its holdings in Innovator S&P Investment Grade Preferred ETF by 5.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 13,198 shares of the company’s stock worth $233,000 after acquiring an additional 708 shares during the period. Websterrogers Financial Advisors LLC boosted its holdings in Innovator S&P Investment Grade Preferred ETF by 4.3% in the 2nd quarter. Websterrogers Financial Advisors LLC now owns 96,819 shares of the company’s stock valued at $1,707,000 after purchasing an additional 3,970 shares during the period. Atria Wealth Solutions Inc. grew its position in shares of Innovator S&P Investment Grade Preferred ETF by 5.7% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 13,198 shares of the company’s stock valued at $234,000 after purchasing an additional 708 shares in the last quarter. Madrona Financial Services LLC increased its holdings in shares of Innovator S&P Investment Grade Preferred ETF by 8.2% in the second quarter. Madrona Financial Services LLC now owns 30,071 shares of the company’s stock worth $530,000 after purchasing an additional 2,273 shares during the period. Finally, Susquehanna International Group LLP increased its holdings in shares of Innovator S&P Investment Grade Preferred ETF by 4.1% in the third quarter. Susquehanna International Group LLP now owns 20,495 shares of the company’s stock worth $375,000 after purchasing an additional 805 shares during the period.

About Innovator S&P Investment Grade Preferred ETF

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.