Sunbelt Securities Inc. Decreases Stock Position in Innovator Buffer Step-Up Strategy ETF $BSTP

Sunbelt Securities Inc. trimmed its position in shares of Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) by 17.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 205,710 shares of the company’s stock after selling 43,201 shares during the period. Sunbelt Securities Inc. owned approximately 13.53% of Innovator Buffer Step-Up Strategy ETF worth $7,407,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allworth Financial LP boosted its position in Innovator Buffer Step-Up Strategy ETF by 70.6% in the 3rd quarter. Allworth Financial LP now owns 2,054 shares of the company’s stock valued at $75,000 after buying an additional 850 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Innovator Buffer Step-Up Strategy ETF during the fourth quarter valued at about $172,000. Captrust Financial Advisors purchased a new stake in shares of Innovator Buffer Step-Up Strategy ETF during the second quarter worth about $206,000. FSA Advisors Inc. increased its position in shares of Innovator Buffer Step-Up Strategy ETF by 160.5% during the fourth quarter. FSA Advisors Inc. now owns 16,852 shares of the company’s stock worth $626,000 after acquiring an additional 10,383 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in shares of Innovator Buffer Step-Up Strategy ETF by 6.3% in the fourth quarter. Principal Securities Inc. now owns 18,893 shares of the company’s stock worth $701,000 after acquiring an additional 1,127 shares in the last quarter.

Innovator Buffer Step-Up Strategy ETF Stock Performance

Shares of BSTP opened at $39.24 on Wednesday. Innovator Buffer Step-Up Strategy ETF has a one year low of $34.59 and a one year high of $39.65. The stock has a 50-day moving average price of $39.21 and a 200 day moving average price of $38.02. The company has a market capitalization of $59.64 million, a P/E ratio of 23.53 and a beta of 0.69.

About Innovator Buffer Step-Up Strategy ETF

The Innovator Buffer Step-Up Strategy ETF (BSTP) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for exposure to the SPDR S&P 500 ETF Trust (SPY) with buffered losses and gains through the active use of FLEX options, rebalanced monthly. The fund intends to opportunistically reset its portfolio prior to the one-year expiration date of the options. BSTP was launched on Mar 8, 2022 and is managed by Innovator.