Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) Trading Down 1.1% – Should You Sell?

Innovator S&P Investment Grade Preferred ETF (BATS:EPRF)’s share price traded down 1.1% during trading on Monday . The stock traded as low as $17.42 and last traded at $17.47. 6,917 shares changed hands during mid-day trading, a decline of 47% from the average session volume of 13,072 shares. The stock had previously closed at $17.66.

Innovator S&P Investment Grade Preferred ETF Stock Performance

The company has a fifty day moving average of $17.75 and a two-hundred day moving average of $17.96.

Innovator S&P Investment Grade Preferred ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, February 2nd. Investors of record on Friday, January 30th were paid a $0.085 dividend. This represents a c) annualized dividend and a dividend yield of 5.8%. This is a boost from Innovator S&P Investment Grade Preferred ETF’s previous monthly dividend of $0.08. The ex-dividend date was Friday, January 30th.

Institutional Trading of Innovator S&P Investment Grade Preferred ETF

Several hedge funds and other institutional investors have recently bought and sold shares of EPRF. HRT Financial LP bought a new stake in shares of Innovator S&P Investment Grade Preferred ETF in the fourth quarter valued at approximately $198,000. FORM Wealth Advisors LLC acquired a new stake in Innovator S&P Investment Grade Preferred ETF during the fourth quarter worth about $235,000. Susquehanna International Group LLP increased its holdings in Innovator S&P Investment Grade Preferred ETF by 4.1% in the 3rd quarter. Susquehanna International Group LLP now owns 20,495 shares of the company’s stock valued at $375,000 after buying an additional 805 shares during the period. AlphaCore Capital LLC bought a new stake in shares of Innovator S&P Investment Grade Preferred ETF during the 4th quarter worth approximately $413,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Innovator S&P Investment Grade Preferred ETF during the 3rd quarter worth approximately $446,000.

Innovator S&P Investment Grade Preferred ETF Company Profile

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.