HBW Advisory Services LLC Buys New Position in Innovator Equity Managed Floor ETF $SFLR

HBW Advisory Services LLC bought a new stake in shares of Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) in the third quarter, HoldingsChannel reports. The institutional investor bought 36,467 shares of the company’s stock, valued at approximately $1,314,000.

Several other institutional investors have also added to or reduced their stakes in the business. Commonwealth Equity Services LLC increased its stake in shares of Innovator Equity Managed Floor ETF by 28.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,839,890 shares of the company’s stock worth $61,765,000 after purchasing an additional 404,231 shares in the last quarter. Evolution Wealth Management Inc. purchased a new position in Innovator Equity Managed Floor ETF during the second quarter valued at $13,221,000. Wetzel Investment Advisors Inc. grew its holdings in Innovator Equity Managed Floor ETF by 163.1% during the second quarter. Wetzel Investment Advisors Inc. now owns 398,084 shares of the company’s stock valued at $13,379,000 after purchasing an additional 246,764 shares during the period. Envestnet Asset Management Inc. increased its position in Innovator Equity Managed Floor ETF by 55.4% in the second quarter. Envestnet Asset Management Inc. now owns 378,784 shares of the company’s stock worth $12,692,000 after buying an additional 135,057 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in Innovator Equity Managed Floor ETF by 93.3% in the second quarter. NewEdge Advisors LLC now owns 278,721 shares of the company’s stock worth $9,357,000 after buying an additional 134,521 shares in the last quarter.

Innovator Equity Managed Floor ETF Stock Performance

Shares of NYSEARCA:SFLR opened at $37.10 on Friday. The stock has a 50 day moving average of $36.58 and a 200 day moving average of $35.37. The company has a market cap of $1.22 billion, a PE ratio of 26.45 and a beta of 0.72. Innovator Equity Managed Floor ETF has a 12-month low of $29.14 and a 12-month high of $37.34.

Innovator Equity Managed Floor ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 2nd. Investors of record on Tuesday, September 30th were issued a $0.032 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.13 annualized dividend and a yield of 0.3%.

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.