Innovator U.S. Equity Power Buffer ETF – January (BATS:PJAN) Sets New 52-Week High – Should You Buy?

Innovator U.S. Equity Power Buffer ETF – January (BATS:PJAN)’s share price reached a new 52-week high during trading on Wednesday. The company traded as high as $51.28 and last traded at $51.15, with a volume of 3,903 shares. The stock had previously closed at $50.75.

Innovator U.S. Equity Power Buffer ETF – January Trading Up 0.3%

The firm has a 50-day moving average of $50.81 and a two-hundred day moving average of $49.03. The firm has a market cap of $1.40 billion, a price-to-earnings ratio of 24.16 and a beta of 0.51.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Personal CFO Solutions LLC acquired a new position in Innovator U.S. Equity Power Buffer ETF – January in the first quarter valued at about $27,379,000. Brookstone Capital Management bought a new stake in Innovator U.S. Equity Power Buffer ETF – January during the third quarter worth about $17,726,000. Kestra Advisory Services LLC acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – January during the third quarter worth approximately $17,194,000. Commonwealth Equity Services LLC acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – January during the third quarter worth approximately $16,584,000. Finally, Cetera Investment Advisers increased its holdings in shares of Innovator U.S. Equity Power Buffer ETF – January by 15.6% during the first quarter. Cetera Investment Advisers now owns 317,958 shares of the company’s stock worth $14,667,000 after buying an additional 42,905 shares in the last quarter.

About Innovator U.S. Equity Power Buffer ETF – January

The Innovator U.S. Equity Power Buffer ETF – January (PJAN) 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. PJAN was launched on Jan 2, 2019 and is managed by Innovator.