Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Reaches New 1-Year High – Should You Buy?

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $39.42 and last traded at $39.61, with a volume of 6320 shares. The stock had previously closed at $39.39.

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

The company’s 50 day moving average is $39.18 and its 200 day moving average is $38.58. The stock has a market capitalization of $666.89 million, a price-to-earnings ratio of 23.79 and a beta of 0.44.

Institutional Trading of Innovator U.S. Equity Power Buffer ETF – May

Institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. raised its stake in shares of Innovator U.S. Equity Power Buffer ETF – May by 28.2% in the second quarter. Alliancebernstein L.P. now owns 3,546,015 shares of the company’s stock valued at $133,998,000 after purchasing an additional 779,446 shares in the last quarter. Penserra Capital Management LLC increased its holdings in Innovator U.S. Equity Power Buffer ETF – May by 14.1% in the 2nd quarter. Penserra Capital Management LLC now owns 1,546,071 shares of the company’s stock valued at $58,423,000 after buying an additional 190,840 shares during the period. McAlister Sweet & Associates Inc. acquired a new position in shares of Innovator U.S. Equity Power Buffer ETF – May in the 2nd quarter valued at $4,732,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Innovator U.S. Equity Power Buffer ETF – May by 239.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 170,580 shares of the company’s stock worth $6,456,000 after acquiring an additional 120,277 shares during the period. Finally, Raymond James Financial Inc. boosted its position in shares of Innovator U.S. Equity Power Buffer ETF – May by 26.7% during the 2nd quarter. Raymond James Financial Inc. now owns 507,341 shares of the company’s stock valued at $19,172,000 after acquiring an additional 106,807 shares in the last quarter.

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

The Innovator S&P 500 Power Buffer ETF – May (PMAY) 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. PMAY was launched on May 1, 2020 and is managed by Innovator.