Innovator U.S. Equity Power Buffer ETF – February (BATS:PFEB) Hits New 52-Week High – Still a Buy?

Shares of Innovator U.S. Equity Power Buffer ETF – February (BATS:PFEB) hit a new 52-week high during trading on Monday . The stock traded as high as $40.68 and last traded at $40.68, with a volume of 19697 shares. The stock had previously closed at $40.55.

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

The stock has a market cap of $951.91 million, a P/E ratio of 24.08 and a beta of 0.42. The company’s fifty day simple moving average is $40.07 and its 200-day simple moving average is $39.16.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in PFEB. Cypress Financial Planning LLC raised its holdings in shares of Innovator U.S. Equity Power Buffer ETF – February by 2.6% in the 2nd quarter. Cypress Financial Planning LLC now owns 11,253 shares of the company’s stock worth $428,000 after buying an additional 281 shares in the last quarter. McAlister Sweet & Associates Inc. grew its position in Innovator U.S. Equity Power Buffer ETF – February by 0.4% in the second quarter. McAlister Sweet & Associates Inc. now owns 81,632 shares of the company’s stock valued at $3,103,000 after acquiring an additional 342 shares during the period. Sagespring Wealth Partners LLC raised its stake in Innovator U.S. Equity Power Buffer ETF – February by 5.7% during the second quarter. Sagespring Wealth Partners LLC now owns 8,535 shares of the company’s stock worth $324,000 after acquiring an additional 461 shares in the last quarter. Chris Bulman Inc raised its stake in Innovator U.S. Equity Power Buffer ETF – February by 0.9% during the second quarter. Chris Bulman Inc now owns 73,300 shares of the company’s stock worth $2,786,000 after acquiring an additional 650 shares in the last quarter. Finally, Family Legacy Financial Solutions LLC bought a new position in shares of Innovator U.S. Equity Power Buffer ETF – February during the second quarter valued at $27,000.

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

The Innovator U.S. Equity Power Buffer ETF – February (PFEB) 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. PFEB was launched on Feb 3, 2020 and is managed by Innovator.