Innovator U.S. Equity Power Buffer ETF – March (BATS:PMAR) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

Innovator U.S. Equity Power Buffer ETF – March (BATS:PMAR)’s stock price crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $48.96 and traded as high as $49.24. Innovator U.S. Equity Power Buffer ETF – March shares last traded at $49.18, with a volume of 8,195 shares changing hands.

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

The stock has a market capitalization of $746.55 million, a P/E ratio of 25.08 and a beta of 0.44. The stock has a 50 day moving average of $48.96 and a 200 day moving average of $47.35.

Institutional Investors Weigh In On Innovator U.S. Equity Power Buffer ETF – March

A number of hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers grew its position in shares of Innovator U.S. Equity Power Buffer ETF – March by 1.4% during the first quarter. Cetera Investment Advisers now owns 259,671 shares of the company’s stock worth $11,587,000 after acquiring an additional 3,535 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in Innovator U.S. Equity Power Buffer ETF – March in the 3rd quarter valued at about $9,173,000. HighTower Advisors LLC bought a new stake in Innovator U.S. Equity Power Buffer ETF – March in the 3rd quarter valued at about $7,701,000. CoreCap Advisors LLC lifted its position in Innovator U.S. Equity Power Buffer ETF – March by 5.6% in the 2nd quarter. CoreCap Advisors LLC now owns 149,462 shares of the company’s stock valued at $7,140,000 after purchasing an additional 7,975 shares during the last quarter. Finally, Brookstone Capital Management acquired a new position in Innovator U.S. Equity Power Buffer ETF – March during the 3rd quarter valued at about $6,653,000.

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

The Innovator S&P 500 Power Buffer ETF – March (PMAR) 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. PMAR was launched on Mar 2, 2020 and is managed by Innovator.