Innovator Laddered Allocation Power Buffer ETF (BATS:BUFF) Stock Price Breaks Above 50-Day Moving Average – Here’s What Happened

Shares of Innovator Laddered Allocation Power Buffer ETF (BATS:BUFF) passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $53.96 and traded as high as $54.13. Innovator Laddered Allocation Power Buffer ETF shares last traded at $53.98, with a volume of 163,809 shares traded.

Innovator Laddered Allocation Power Buffer ETF Stock Performance

The company has a market cap of $1.13 billion, a P/E ratio of 24.31 and a beta of 0.47. The stock has a 50-day simple moving average of $53.96 and a 200 day simple moving average of $52.25.

Institutional Investors Weigh In On Innovator Laddered Allocation Power Buffer ETF

Institutional investors have recently added to or reduced their stakes in the stock. TOP Private Wealth LLC. bought a new stake in shares of Innovator Laddered Allocation Power Buffer ETF in the 2nd quarter worth about $1,335,000. Keeler Thomas Management LLC bought a new position in shares of Innovator Laddered Allocation Power Buffer ETF in the second quarter valued at approximately $682,000. Capital Analysts LLC bought a new position in shares of Innovator Laddered Allocation Power Buffer ETF in the second quarter valued at approximately $2,530,000. LifeWealth Investments LLC raised its stake in shares of Innovator Laddered Allocation Power Buffer ETF by 5.0% in the third quarter. LifeWealth Investments LLC now owns 389,976 shares of the company’s stock valued at $21,012,000 after acquiring an additional 18,657 shares during the last quarter. Finally, City Center Advisors LLC boosted its holdings in shares of Innovator Laddered Allocation Power Buffer ETF by 33.2% in the 3rd quarter. City Center Advisors LLC now owns 49,288 shares of the company’s stock worth $2,656,000 after acquiring an additional 12,296 shares in the last quarter.

Innovator Laddered Allocation Power Buffer ETF Company Profile

The Innovator Laddered Allocation Power Buffer ETF (BUFF) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an equal-weighted index of Innovators twelve monthly Power Buffer ETFs, which targets specific buffered losses and capped gains on the S&P 500. BUFF was launched on Oct 20, 2016 and is managed by Innovator.