Innovator U.S. Equity Power Buffer ETF – April (BATS:PAPR) Stock Breaks Above Fifty Day Moving Average – Here’s What Happened

Innovator U.S. Equity Power Buffer ETF – April (BATS:PAPR)’s stock price crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $43.21 and traded as high as $43.46. Innovator U.S. Equity Power Buffer ETF – April shares last traded at $43.42, with a volume of 11,670 shares traded.

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

The stock has a 50-day moving average of $43.21 and a 200-day moving average of $41.74. The firm has a market cap of $961.75 million, a price-to-earnings ratio of 24.09 and a beta of 0.46.

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

Several hedge funds have recently made changes to their positions in PAPR. Cassady Wealth & Retirement Planning LLC boosted its holdings in Innovator U.S. Equity Power Buffer ETF – April by 94.5% during the first quarter. Cassady Wealth & Retirement Planning LLC now owns 210,051 shares of the company’s stock worth $8,734,000 after purchasing an additional 102,081 shares during the last quarter. Independent Financial Group LLC bought a new position in Innovator U.S. Equity Power Buffer ETF – April in the first quarter valued at $670,000. Cornerstone Wealth LLC TN bought a new position in Innovator U.S. Equity Power Buffer ETF – April in the first quarter valued at $1,145,000. Talon Private Wealth LLC acquired a new stake in Innovator U.S. Equity Power Buffer ETF – April in the 1st quarter valued at $5,209,000. Finally, Arkadios Wealth Advisors increased its stake in Innovator U.S. Equity Power Buffer ETF – April by 29.7% in the 1st 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 during 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.