KFG Wealth Management LLC Trims Position in Innovator Power Buffer Step-Up Strategy ETF $PSTP

KFG Wealth Management LLC reduced its stake in shares of Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) by 20.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 520,081 shares of the company’s stock after selling 130,575 shares during the quarter. Innovator Power Buffer Step-Up Strategy ETF comprises 2.5% of KFG Wealth Management LLC’s portfolio, making the stock its 10th biggest holding. KFG Wealth Management LLC owned 0.14% of Innovator Power Buffer Step-Up Strategy ETF worth $18,384,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Allworth Financial LP bought a new position in shares of Innovator Power Buffer Step-Up Strategy ETF during the third quarter valued at about $49,000. Authentikos Wealth Advisory LLC grew its stake in shares of Innovator Power Buffer Step-Up Strategy ETF by 6.9% in the third quarter. Authentikos Wealth Advisory LLC now owns 6,641 shares of the company’s stock worth $231,000 after purchasing an additional 430 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of Innovator Power Buffer Step-Up Strategy ETF in the first quarter worth about $238,000. JPMorgan Chase & Co. grew its stake in shares of Innovator Power Buffer Step-Up Strategy ETF by 2,234.3% in the third quarter. JPMorgan Chase & Co. now owns 7,680 shares of the company’s stock worth $267,000 after purchasing an additional 7,351 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Innovator Power Buffer Step-Up Strategy ETF in the third quarter worth about $289,000.

Innovator Power Buffer Step-Up Strategy ETF Price Performance

NYSEARCA PSTP opened at $34.71 on Tuesday. The stock has a market capitalization of $124.96 million, a PE ratio of 24.87 and a beta of 0.53. Innovator Power Buffer Step-Up Strategy ETF has a 1 year low of $29.16 and a 1 year high of $35.80. The business’s 50-day moving average is $35.16 and its 200 day moving average is $35.10.

About Innovator Power Buffer Step-Up Strategy ETF

The Innovator Power Buffer Step-Up Strategy ETF (PSTP) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trus index. The fund aims for buffered losses and gains on the SPDR S&P 500 ETF Trust (SPY) through the active use of FLEX options, which it rebalances monthly. The fund intends to opportunistically reset its portfolio prior to the one-year expiration date of the options. PSTP was launched on Mar 8, 2022 and is managed by Innovator.