Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) Shares Down 0.4% – Here’s Why

Innovator S&P Investment Grade Preferred ETF (BATS:EPRF)’s stock price traded down 0.4% during mid-day trading on Wednesday . The stock traded as low as $16.58 and last traded at $16.60. Approximately 15,735 shares changed hands during mid-day trading, an increase of 25% from the average daily volume of 12,551 shares. The stock had previously closed at $16.67.

Innovator S&P Investment Grade Preferred ETF Trading Down 0.4%

The business has a fifty day moving average price of $16.73 and a 200 day moving average price of $17.08.

Hedge Funds Weigh In On Innovator S&P Investment Grade Preferred ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its stake in Innovator S&P Investment Grade Preferred ETF by 29.3% during the 1st quarter. Royal Bank of Canada now owns 527,526 shares of the company’s stock valued at $9,319,000 after buying an additional 119,504 shares during the period. Raymond James Financial Inc. lifted its stake in shares of Innovator S&P Investment Grade Preferred ETF by 3.7% in the 2nd quarter. Raymond James Financial Inc. now owns 72,435 shares of the company’s stock worth $1,277,000 after acquiring an additional 2,553 shares during the period. Jane Street Group LLC acquired a new stake in shares of Innovator S&P Investment Grade Preferred ETF in the 2nd quarter worth approximately $670,000. Citadel Advisors LLC bought a new position in shares of Innovator S&P Investment Grade Preferred ETF in the third quarter valued at approximately $446,000. Finally, Susquehanna International Group LLP boosted its holdings in shares of Innovator S&P Investment Grade Preferred ETF by 4.1% in the third quarter. Susquehanna International Group LLP now owns 20,495 shares of the company’s stock valued at $375,000 after acquiring an additional 805 shares in the last quarter.

About Innovator S&P Investment Grade Preferred ETF

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.