Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) Announces $0.08 Monthly Dividend

Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) announced a monthly dividend on Monday, December 29th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.08 per share on Friday, January 2nd. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Wednesday, December 31st.

Innovator S&P Investment Grade Preferred ETF Stock Performance

Shares of Innovator S&P Investment Grade Preferred ETF stock traded down $0.16 during trading hours on Wednesday, reaching $17.60. The stock had a trading volume of 15,097 shares, compared to its average volume of 15,031. Innovator S&P Investment Grade Preferred ETF has a 1 year low of $16.71 and a 1 year high of $19.98. The firm has a 50 day simple moving average of $17.80 and a two-hundred day simple moving average of $17.98.

Institutional Investors Weigh In On Innovator S&P Investment Grade Preferred ETF

Several institutional investors have recently bought and sold shares of EPRF. Envestnet Portfolio Solutions Inc. increased its position in shares of Innovator S&P Investment Grade Preferred ETF by 5.7% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 13,198 shares of the company’s stock worth $233,000 after acquiring an additional 708 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in Innovator S&P Investment Grade Preferred ETF by 5.7% in the 2nd quarter. Atria Wealth Solutions Inc. now owns 13,198 shares of the company’s stock valued at $234,000 after purchasing an additional 708 shares in the last quarter. Susquehanna International Group LLP raised its position in Innovator S&P Investment Grade Preferred ETF by 4.1% in the third quarter. Susquehanna International Group LLP now owns 20,495 shares of the company’s stock valued at $375,000 after purchasing an additional 805 shares during the period. Citadel Advisors LLC purchased a new position in Innovator S&P Investment Grade Preferred ETF in the third quarter valued at about $446,000. Finally, Madrona Financial Services LLC lifted its stake in shares of Innovator S&P Investment Grade Preferred ETF by 8.2% during the second quarter. Madrona Financial Services LLC now owns 30,071 shares of the company’s stock worth $530,000 after purchasing an additional 2,273 shares in the last quarter.

About Innovator S&P Investment Grade Preferred ETF

The Innovator S&P Investment Grade Preferred ETF (EPRF) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index composed of U.S.-listed, investment grade, fixed-rate preferred issues, with a modified equal weighting. EPRF was launched on May 24, 2016 and is managed by Innovator.