Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Reaches New 12-Month High – Still a Buy?

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) hit a new 52-week high on Monday . The company traded as high as $42.24 and last traded at $42.24, with a volume of 863 shares traded. The stock had previously closed at $42.18.

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

The firm has a market capitalization of $707.03 million, a P/E ratio of 23.79 and a beta of 0.44. The firm has a 50-day moving average of $41.47 and a 200-day moving average of $40.72.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of PMAY. Alliancebernstein L.P. lifted its holdings in shares of Innovator U.S. Equity Power Buffer ETF – May by 28.2% during the 2nd quarter. Alliancebernstein L.P. now owns 3,546,015 shares of the company’s stock valued at $133,998,000 after buying an additional 779,446 shares during the period. Focus Partners Wealth boosted its stake in shares of Innovator U.S. Equity Power Buffer ETF – May by 367.6% in the 4th quarter. Focus Partners Wealth now owns 365,330 shares of the company’s stock worth $14,463,000 after buying an additional 287,204 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of Innovator U.S. Equity Power Buffer ETF – May by 26.7% in the second quarter. Raymond James Financial Inc. now owns 507,341 shares of the company’s stock worth $19,172,000 after acquiring an additional 106,807 shares during the period. Independent Financial Group LLC bought a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May in the first quarter worth $3,386,000. Finally, Kestra Advisory Services LLC increased its position 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 valued at $8,086,000 after acquiring an additional 73,182 shares during the last quarter.

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.