Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) Trading 0.8% Higher – Here’s Why

Innovator S&P Investment Grade Preferred ETF (BATS:EPRF)’s share price traded up 0.8% during mid-day trading on Wednesday . The company traded as high as $17.7760 and last traded at $17.91. 15,097 shares were traded during mid-day trading, an increase of 0% from the average session volume of 15,031 shares. The stock had previously closed at $17.76.

Innovator S&P Investment Grade Preferred ETF Stock Performance

The stock’s 50-day moving average is $17.75 and its 200 day moving average is $18.01.

Innovator S&P Investment Grade Preferred ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, January 2nd. Stockholders of record on Wednesday, December 31st were given a $0.08 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%.

Hedge Funds Weigh In On Innovator S&P Investment Grade Preferred ETF

Several hedge funds have recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its holdings in Innovator S&P Investment Grade Preferred ETF by 5.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 13,198 shares of the company’s stock worth $233,000 after buying an additional 708 shares during the period. Atria Wealth Solutions Inc. lifted its stake in shares of 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 during the period. Susquehanna International Group LLP boosted its stake in shares of Innovator S&P Investment Grade Preferred ETF by 4.1% during the 3rd quarter. Susquehanna International Group LLP now owns 20,495 shares of the company’s stock worth $375,000 after acquiring an additional 805 shares in the last quarter. Citadel Advisors LLC acquired a new stake in Innovator S&P Investment Grade Preferred ETF in the third quarter valued at approximately $446,000. Finally, Madrona Financial Services LLC grew its stake in Innovator S&P Investment Grade Preferred ETF by 8.2% in the 2nd quarter. Madrona Financial Services LLC now owns 30,071 shares of the company’s stock valued at $530,000 after acquiring an additional 2,273 shares during the period.

Innovator S&P Investment Grade Preferred ETF Company Profile

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.