Trek Financial LLC Sells 29,039 Shares of Innovator Equity Managed Floor ETF $SFLR

Trek Financial LLC lessened its position in Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) by 32.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 61,071 shares of the company’s stock after selling 29,039 shares during the quarter. Trek Financial LLC’s holdings in Innovator Equity Managed Floor ETF were worth $2,379,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in SFLR. Bank of America Corp DE boosted its stake in Innovator Equity Managed Floor ETF by 1.2% in the 1st quarter. Bank of America Corp DE now owns 5,920,303 shares of the company’s stock worth $209,638,000 after purchasing an additional 71,504 shares during the period. Envestnet Asset Management Inc. raised its stake in Innovator Equity Managed Floor ETF by 766.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,914,894 shares of the company’s stock valued at $189,617,000 after purchasing an additional 4,347,835 shares during the period. Americana Partners LLC raised its stake in Innovator Equity Managed Floor ETF by 4.0% during the 3rd quarter. Americana Partners LLC now owns 3,611,414 shares of the company’s stock valued at $140,665,000 after purchasing an additional 139,813 shares during the period. Brookstone Capital Management acquired a new stake in Innovator Equity Managed Floor ETF during the 3rd quarter valued at $31,427,000. Finally, Liberty Atlantic Advisors LLC raised its stake in Innovator Equity Managed Floor ETF by 10.3% during the 3rd quarter. Liberty Atlantic Advisors LLC now owns 752,483 shares of the company’s stock valued at $29,324,000 after purchasing an additional 69,986 shares during the period.

Innovator Equity Managed Floor ETF Stock Down 0.3%

SFLR opened at $38.63 on Tuesday. The stock has a fifty day moving average of $39.16 and a 200-day moving average of $37.91. The firm has a market capitalization of $2.22 billion, a P/E ratio of 26.45 and a beta of 0.69. Innovator Equity Managed Floor ETF has a 12-month low of $34.69 and a 12-month high of $40.41.

Innovator Equity Managed Floor ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.0195 per share. This is a negative change from Innovator Equity Managed Floor ETF’s previous quarterly dividend of $0.0227. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date was Wednesday, September 30th.

About Innovator Equity Managed Floor ETF

The Innovator Equity Managed Floor ETF (SFLR) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide capital appreciation by holding a portfolio of large-cap US stocks while hedging the downside risk using a laddered options strategy. The fund utilizes four, one-year FLEX options packages with staggered 3-month expiration dates to target a maximum loss of approximately 10% on a rolling 12-month basis. SFLR was launched on Nov 8, 2022 and is managed by Innovator.