Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Reaches New 52-Week High – Here’s What Happened

Shares of Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) hit a new 52-week high on Tuesday . The company traded as high as $41.26 and last traded at $41.23, with a volume of 12713 shares trading hands. The stock had previously closed at $41.17.

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

The firm has a market cap of $696.76 million, a price-to-earnings ratio of 23.79 and a beta of 0.44. The firm has a fifty day simple moving average of $40.43 and a two-hundred day simple moving average of $39.88.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Independent Financial Group LLC acquired a new stake in Innovator U.S. Equity Power Buffer ETF – May in the first quarter valued at approximately $3,386,000. Fifth Third Bancorp acquired a new position in Innovator U.S. Equity Power Buffer ETF – May during the first quarter worth $80,000. Kestra Advisory Services LLC boosted its stake in Innovator U.S. Equity Power Buffer ETF – May by 56.6% during the first quarter. Kestra Advisory Services LLC now owns 202,460 shares of the company’s stock worth $8,086,000 after buying an additional 73,182 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in Innovator U.S. Equity Power Buffer ETF – May by 97.0% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 65,462 shares of the company’s stock worth $2,615,000 after buying an additional 32,231 shares during the last quarter. Finally, World Investment Advisors purchased a new stake in Innovator U.S. Equity Power Buffer ETF – May in the fourth quarter valued at $260,000.

About Innovator U.S. Equity Power Buffer ETF – May

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.