Innovator Equity Managed Floor ETF $SFLR Shares Newly Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC purchased a new stake in Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 62,223 shares of the company’s stock, valued at approximately $2,424,000. Sowell Financial Services LLC owned about 0.11% of Innovator Equity Managed Floor ETF at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of SFLR. Gilpin Wealth Management LLC grew its holdings in Innovator Equity Managed Floor ETF by 5.6% during the third quarter. Gilpin Wealth Management LLC now owns 7,495 shares of the company’s stock valued at $292,000 after purchasing an additional 400 shares during the period. ATX Financial Planning LLC increased its stake in Innovator Equity Managed Floor ETF by 0.3% in the first quarter. ATX Financial Planning LLC now owns 206,074 shares of the company’s stock valued at $7,297,000 after purchasing an additional 548 shares in the last quarter. Castleview Partners LLC increased its stake in Innovator Equity Managed Floor ETF by 2.3% in the third quarter. Castleview Partners LLC now owns 25,635 shares of the company’s stock valued at $998,000 after purchasing an additional 584 shares in the last quarter. Sard Wealth Management Group LLC increased its stake in Innovator Equity Managed Floor ETF by 3.0% in the third quarter. Sard Wealth Management Group LLC now owns 22,593 shares of the company’s stock valued at $880,000 after purchasing an additional 649 shares in the last quarter. Finally, Wealthgarden F.S. LLC increased its stake in Innovator Equity Managed Floor ETF by 9.9% in the first quarter. Wealthgarden F.S. LLC now owns 11,505 shares of the company’s stock valued at $407,000 after purchasing an additional 1,037 shares in the last quarter.

Innovator Equity Managed Floor ETF Stock Performance

SFLR opened at $39.15 on Friday. The firm’s fifty day moving average is $39.14 and its two-hundred day moving average is $38.40. The firm has a market cap of $2.26 billion, a PE ratio of 26.45 and a beta of 0.69. Innovator Equity Managed Floor ETF has a twelve month low of $34.69 and a twelve month high of $40.41.

Innovator Equity Managed Floor ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Wednesday, September 30th were given a $0.0195 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.2%. This is a decrease from Innovator Equity Managed Floor ETF’s previous quarterly dividend of $0.0227.

Innovator Equity Managed Floor ETF Company Profile

The Innovator Equity Managed Floor ETF (SFLR) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide capital appreciation by holding a portfolio of large-cap US stocks while hedging the downside risk using a laddered options strategy. The fund utilizes four, one-year FLEX options packages with staggered 3-month expiration dates to target a maximum loss of approximately 10% on a rolling 12-month basis. SFLR was launched on Nov 8, 2022 and is managed by Innovator.