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

Innovator U.S. Equity Power Buffer ETF – October (BATS:POCT)’s stock price hit a new 52-week high on Wednesday. The stock traded as high as $47.84 and last traded at $47.76, with a volume of 27448 shares trading hands. The stock had previously closed at $47.78.

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

The firm has a market capitalization of $958.42 million, a PE ratio of 24.14 and a beta of 0.37. The firm’s fifty day moving average is $47.20 and its two-hundred day moving average is $45.93.

Hedge Funds Weigh In On Innovator U.S. Equity Power Buffer ETF – October

Several institutional investors have recently added to or reduced their stakes in the stock. Maridea Wealth Management LLC grew its stake in Innovator U.S. Equity Power Buffer ETF – October by 2.2% during the 1st quarter. Maridea Wealth Management LLC now owns 13,389 shares of the company’s stock valued at $577,000 after purchasing an additional 284 shares during the last quarter. MTM Financial Group LLC raised its stake in shares of Innovator U.S. Equity Power Buffer ETF – October by 0.5% in the first quarter. MTM Financial Group LLC now owns 69,222 shares of the company’s stock worth $2,984,000 after purchasing an additional 354 shares during the last quarter. Elmwood Wealth Management Inc. raised its stake in shares of Innovator U.S. Equity Power Buffer ETF – October by 3.3% in the second quarter. Elmwood Wealth Management Inc. now owns 12,605 shares of the company’s stock worth $585,000 after purchasing an additional 400 shares during the last quarter. Wellington Grp LLC purchased a new position in shares of Innovator U.S. Equity Power Buffer ETF – October in the first quarter worth about $27,000. Finally, Apollon Wealth Management LLC lifted its holdings in shares of Innovator U.S. Equity Power Buffer ETF – October by 16.3% during the first quarter. Apollon Wealth Management LLC now owns 6,041 shares of the company’s stock worth $260,000 after purchasing an additional 845 shares during the period.

Innovator U.S. Equity Power Buffer ETF – October Company Profile

The Innovator S&P 500 Power Buffer ETF – October (POCT) 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. POCT was launched on Oct 1, 2018 and is managed by Innovator.