Evolution Wealth Management Inc. Lowers Position in Innovator Power Buffer Step-Up Strategy ETF $PSTP

Evolution Wealth Management Inc. trimmed its stake in Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) by 39.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 42,301 shares of the company’s stock after selling 27,676 shares during the quarter. Innovator Power Buffer Step-Up Strategy ETF comprises 1.2% of Evolution Wealth Management Inc.’s portfolio, making the stock its 19th largest position. Evolution Wealth Management Inc.’s holdings in Innovator Power Buffer Step-Up Strategy ETF were worth $1,495,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. COFG Advisors LLC purchased a new stake in Innovator Power Buffer Step-Up Strategy ETF in the fourth quarter valued at approximately $315,000. Lloyd Advisory Services LLC. purchased a new stake in Innovator Power Buffer Step-Up Strategy ETF in the fourth quarter valued at approximately $305,000. Signature Estate & Investment Advisors LLC grew its holdings in Innovator Power Buffer Step-Up Strategy ETF by 4.3% in the fourth quarter. Signature Estate & Investment Advisors LLC now owns 44,743 shares of the company’s stock valued at $1,582,000 after purchasing an additional 1,856 shares during the period. Brown Wealth Management LLC grew its holdings in Innovator Power Buffer Step-Up Strategy ETF by 4.7% in the fourth quarter. Brown Wealth Management LLC now owns 290,966 shares of the company’s stock valued at $10,285,000 after purchasing an additional 13,028 shares during the period. Finally, HighTower Advisors LLC grew its holdings in Innovator Power Buffer Step-Up Strategy ETF by 0.4% in the fourth quarter. HighTower Advisors LLC now owns 219,506 shares of the company’s stock valued at $7,759,000 after purchasing an additional 925 shares during the period.

Innovator Power Buffer Step-Up Strategy ETF Stock Performance

Innovator Power Buffer Step-Up Strategy ETF stock opened at $36.77 on Thursday. Innovator Power Buffer Step-Up Strategy ETF has a 1 year low of $32.58 and a 1 year high of $37.01. The firm has a 50 day moving average price of $35.80 and a 200 day moving average price of $35.46. The company has a market cap of $130.53 million, a price-to-earnings ratio of 24.87 and a beta of 0.52.

Innovator Power Buffer Step-Up Strategy ETF Company Profile

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.