Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Hits New 52-Week High – Should You Buy?

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $39.7375 and last traded at $39.79, with a volume of 23573 shares changing hands. The stock had previously closed at $39.58.

Innovator U.S. Equity Power Buffer ETF – May Trading Up 0.6%

The company has a market capitalization of $670.17 million, a PE ratio of 23.79 and a beta of 0.44. The business’s fifty day moving average is $39.44 and its two-hundred day moving average is $38.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Alliancebernstein L.P. increased its holdings in Innovator U.S. Equity Power Buffer ETF – May by 28.2% in the 2nd quarter. Alliancebernstein L.P. now owns 3,546,015 shares of the company’s stock worth $133,998,000 after buying an additional 779,446 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Innovator U.S. Equity Power Buffer ETF – May by 14.1% during the 2nd quarter. Penserra Capital Management LLC now owns 1,546,071 shares of the company’s stock valued at $58,423,000 after acquiring an additional 190,840 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Innovator U.S. Equity Power Buffer ETF – May by 26.7% in the second quarter. Raymond James Financial Inc. now owns 507,341 shares of the company’s stock worth $19,172,000 after acquiring an additional 106,807 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Innovator U.S. Equity Power Buffer ETF – May by 128.9% in the second quarter. Envestnet Asset Management Inc. now owns 152,722 shares of the company’s stock worth $5,771,000 after acquiring an additional 85,994 shares during the period. Finally, Osaic Holdings Inc. raised its holdings in shares of Innovator U.S. Equity Power Buffer ETF – May by 20.7% during the second quarter. Osaic Holdings Inc. now owns 495,679 shares of the company’s stock valued at $18,727,000 after purchasing an additional 84,913 shares during 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.