Innovator U.S. Equity Power Buffer ETF – April (BATS:PAPR) Reaches New 12-Month High – Here’s Why

Innovator U.S. Equity Power Buffer ETF – April (BATS:PAPR)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $42.93 and last traded at $42.93, with a volume of 1516 shares. The stock had previously closed at $42.84.

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

The stock’s fifty day simple moving average is $42.31 and its 200-day simple moving average is $41.09. The stock has a market cap of $972.36 million, a P/E ratio of 24.09 and a beta of 0.43.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PAPR. Dynamic Advisor Solutions LLC bought a new stake in shares of Innovator U.S. Equity Power Buffer ETF – April during the 2nd quarter valued at $322,000. CoreCap Advisors LLC raised its stake in Innovator U.S. Equity Power Buffer ETF – April by 6.5% in the second quarter. CoreCap Advisors LLC now owns 114,078 shares of the company’s stock valued at $4,814,000 after purchasing an additional 7,010 shares in the last quarter. Cornerstone Wealth LLC TN acquired a new position in Innovator U.S. Equity Power Buffer ETF – April in the first quarter valued at about $1,145,000. Cassady Wealth & Retirement Planning LLC lifted its position 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 period. Finally, Arkadios Wealth Advisors lifted its position in Innovator U.S. Equity Power Buffer ETF – April by 29.7% during the first quarter. Arkadios Wealth Advisors now owns 20,352 shares of the company’s stock worth $810,000 after purchasing an additional 4,660 shares during the period.

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

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.