Innovator U.S. Equity Power Buffer ETF – April (BATS:PAPR) Reaches New 1-Year High – Should You Buy?

Innovator U.S. Equity Power Buffer ETF – April (BATS:PAPR) reached a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $43.49 and last traded at $43.49, with a volume of 56,897 shares changing hands. The stock had previously closed at $43.40.

Innovator U.S. Equity Power Buffer ETF – April Trading Up 0.2%

The firm has a market cap of $985.05 million, a price-to-earnings ratio of 24.09 and a beta of 0.43. The company has a fifty day moving average price of $43.10 and a 200-day moving average price of $42.32.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Apollon Wealth Management LLC grew its holdings in shares of Innovator U.S. Equity Power Buffer ETF – April by 0.7% during the 1st quarter. Apollon Wealth Management LLC now owns 39,071 shares of the company’s stock worth $1,555,000 after purchasing an additional 256 shares during the period. KFG Wealth Management LLC raised its position in Innovator U.S. Equity Power Buffer ETF – April by 2.0% in the first quarter. KFG Wealth Management LLC now owns 70,973 shares of the company’s stock valued at $2,825,000 after purchasing an additional 1,402 shares during the period. WealthPLAN Partners LLC boosted its position in shares of Innovator U.S. Equity Power Buffer ETF – April by 12.6% during the first quarter. WealthPLAN Partners LLC now owns 16,141 shares of the company’s stock worth $642,000 after buying an additional 1,800 shares during the period. Bellwether Advisors LLC boosted its position in shares of Innovator U.S. Equity Power Buffer ETF – April by 1.0% during the first quarter. Bellwether Advisors LLC now owns 211,427 shares of the company’s stock worth $8,415,000 after buying an additional 2,079 shares during the period. Finally, Arkadios Wealth Advisors grew its stake in shares of Innovator U.S. Equity Power Buffer ETF – April by 29.7% in the first quarter. Arkadios Wealth Advisors now owns 20,352 shares of the company’s stock valued at $810,000 after buying an additional 4,660 shares in the last quarter.

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

The Innovator S&P 500 Power Buffer ETF – April New (PAPR) 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. PAPR was launched on Apr 1, 2019 and is managed by Innovator.