Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Sets New 1-Year High – Here’s Why

Shares of Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $39.42 and last traded at $39.6550, with a volume of 6320 shares changing hands. The stock had previously closed at $39.39.

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

The stock has a market capitalization of $667.55 million, a PE ratio of 23.79 and a beta of 0.44. The business’s fifty day moving average price is $39.39 and its 200-day moving average price is $38.83.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PMAY. Wealth Enhancement Advisory Services LLC increased its position in shares of Innovator U.S. Equity Power Buffer ETF – May by 239.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 170,580 shares of the company’s stock worth $6,456,000 after purchasing an additional 120,277 shares during the last quarter. Silver Oak Securities Incorporated purchased a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May during the second quarter valued at approximately $234,000. KFG Wealth Management LLC grew its holdings in Innovator U.S. Equity Power Buffer ETF – May by 4.7% in the 2nd quarter. KFG Wealth Management LLC now owns 143,534 shares of the company’s stock worth $5,424,000 after acquiring an additional 6,427 shares during the last quarter. Chris Bulman Inc grew its stake in shares of Innovator U.S. Equity Power Buffer ETF – May by 33.5% in the second quarter. Chris Bulman Inc now owns 68,611 shares of the company’s stock worth $2,593,000 after purchasing an additional 17,222 shares during the last quarter. Finally, Optima Capital LLC bought a new position in Innovator U.S. Equity Power Buffer ETF – May during the 2nd quarter valued at approximately $405,000.

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

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.