Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Reaches New 52-Week High – Should You Buy?

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $41.72 and last traded at $41.72, with a volume of 300 shares traded. The stock had previously closed at $40.84.

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

The company’s 50 day moving average price is $40.32 and its two-hundred day moving average price is $39.82. The stock has a market capitalization of $692.39 million, a PE 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 have recently bought and sold shares of the company. Global Assets Advisory LLC purchased a new position in Innovator U.S. Equity Power Buffer ETF – May during the third quarter worth about $1,188,000. BCS Wealth Management raised its stake in Innovator U.S. Equity Power Buffer ETF – May by 93.7% during the fourth quarter. BCS Wealth Management now owns 32,708 shares of the company’s stock worth $1,295,000 after purchasing an additional 15,820 shares during the period. Focus Partners Advisor Solutions LLC raised its stake in Innovator U.S. Equity Power Buffer ETF – May by 88.6% during the third quarter. Focus Partners Advisor Solutions LLC now owns 56,785 shares of the company’s stock worth $2,220,000 after purchasing an additional 26,681 shares during the period. Merit Financial Group LLC raised its stake in Innovator U.S. Equity Power Buffer ETF – May by 267.2% during the fourth quarter. Merit Financial Group LLC now owns 55,939 shares of the company’s stock worth $2,215,000 after purchasing an additional 40,707 shares during the period. Finally, Keystone Wealth Services LLC raised its stake in Innovator U.S. Equity Power Buffer ETF – May by 3,126.8% during the fourth quarter. Keystone Wealth Services LLC now owns 243,492 shares of the company’s stock worth $10,595,000 after purchasing an additional 235,946 shares during the period.

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.