Innovator U.S. Equity Power Buffer ETF – October (BATS:POCT) Hits New 52-Week High – Still a Buy?

Innovator U.S. Equity Power Buffer ETF – October (BATS:POCT) reached a new 52-week high on Thursday . The company traded as high as $45.19 and last traded at $45.17, with a volume of 132192 shares trading hands. The stock had previously closed at $45.14.

Innovator U.S. Equity Power Buffer ETF – October Price Performance

The firm has a market cap of $905.21 million, a P/E ratio of 24.14 and a beta of 0.37. The stock’s 50 day moving average is $43.86 and its two-hundred day moving average is $43.74.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in POCT. Cerity Partners LLC boosted its position in Innovator U.S. Equity Power Buffer ETF – October by 0.9% in the second quarter. Cerity Partners LLC now owns 42,599 shares of the company’s stock valued at $1,759,000 after buying an additional 378 shares in the last quarter. Benjamin Edwards Inc. acquired a new position in Innovator U.S. Equity Power Buffer ETF – October in the second quarter valued at about $1,208,000. Berger Financial Group Inc acquired a new position in Innovator U.S. Equity Power Buffer ETF – October in the third quarter valued at about $921,000. Founders Financial Securities LLC boosted its position in Innovator U.S. Equity Power Buffer ETF – October by 25.3% in the third quarter. Founders Financial Securities LLC now owns 53,968 shares of the company’s stock valued at $2,326,000 after buying an additional 10,880 shares in the last quarter. Finally, CWM LLC boosted its position in Innovator U.S. Equity Power Buffer ETF – October by 6.6% in the third quarter. CWM LLC now owns 220,291 shares of the company’s stock valued at $9,495,000 after buying an additional 13,625 shares in the last quarter.

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

The Innovator S&P 500 Power Buffer ETF – October (POCT) 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. POCT was launched on Oct 1, 2018 and is managed by Innovator.