Freedom Investment Management Inc. Cuts Stock Holdings in Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP)

Freedom Investment Management Inc. reduced its stake in Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,075 shares of the company’s stock after selling 2,002 shares during the period. Freedom Investment Management Inc.’s holdings in Innovator Buffer Step-Up Strategy ETF were worth $800,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Allworth Financial LP purchased a new stake in Innovator Buffer Step-Up Strategy ETF during the 4th quarter worth about $41,000. Barclays PLC purchased a new stake in shares of Innovator Buffer Step-Up Strategy ETF during the third quarter worth approximately $177,000. KFG Wealth Management LLC purchased a new stake in shares of Innovator Buffer Step-Up Strategy ETF during the fourth quarter worth approximately $245,000. OLD Mission Capital LLC acquired a new stake in Innovator Buffer Step-Up Strategy ETF in the fourth quarter valued at approximately $327,000. Finally, HighTower Advisors LLC lifted its stake in Innovator Buffer Step-Up Strategy ETF by 8.9% in the third quarter. HighTower Advisors LLC now owns 15,457 shares of the company’s stock worth $507,000 after acquiring an additional 1,259 shares during the last quarter.

Innovator Buffer Step-Up Strategy ETF Trading Up 0.2 %

Shares of NYSEARCA:BSTP opened at $31.01 on Friday. The company has a market cap of $65.12 million, a PE ratio of 25.59 and a beta of 0.71. The company’s 50 day moving average is $32.49 and its two-hundred day moving average is $33.10. Innovator Buffer Step-Up Strategy ETF has a 52 week low of $29.49 and a 52 week high of $34.69.

Innovator Buffer Step-Up Strategy ETF Company Profile

The Innovator Buffer Step-Up Strategy ETF (BSTP) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for exposure to the SPDR S&P 500 ETF Trust (SPY) with buffered losses and gains through the active use of FLEX options, rebalanced monthly. The fund intends to opportunistically reset its portfolio prior to the one-year expiration date of the options.