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

Innovator U.S. Equity Power Buffer ETF – March (BATS:PMAR)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $47.16 and last traded at $47.16, with a volume of 1488 shares traded. The stock had previously closed at $46.93.

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

The stock has a market capitalization of $747.18 million, a P/E ratio of 25.08 and a beta of 0.40. The company has a 50 day simple moving average of $45.53 and a 200-day simple moving average of $45.02.

Institutional Investors Weigh In On Innovator U.S. Equity Power Buffer ETF – March

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Independent Financial Group LLC purchased a new stake in Innovator U.S. Equity Power Buffer ETF – March during the first quarter valued at about $312,000. Vantage Point Financial LLC purchased a new position in shares of Innovator U.S. Equity Power Buffer ETF – March in the first quarter worth about $1,277,000. Global Assets Advisory LLC raised its position in shares of Innovator U.S. Equity Power Buffer ETF – March by 13.7% in the first quarter. Global Assets Advisory LLC now owns 55,936 shares of the company’s stock valued at $2,496,000 after purchasing an additional 6,740 shares during the period. Diversify Wealth Management LLC bought a new stake in shares of Innovator U.S. Equity Power Buffer ETF – March in the first quarter valued at approximately $3,316,000. Finally, Valmark Advisers Inc. lifted its stake in shares of Innovator U.S. Equity Power Buffer ETF – March by 15.4% during the 1st quarter. Valmark Advisers Inc. now owns 64,525 shares of the company’s stock valued at $2,879,000 after buying an additional 8,603 shares in the last quarter.

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

The Innovator S&P 500 Power Buffer ETF – March (PMAR) 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. PMAR was launched on Mar 2, 2020 and is managed by Innovator.