Innovator Equity Managed Floor ETF $SFLR Stock: Virtue Capital Management LLC Increases Position

Virtue Capital Management LLC lifted its stake in Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) by 407.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 122,043 shares of the company’s stock after purchasing an additional 98,012 shares during the quarter. Virtue Capital Management LLC’s holdings in Innovator Equity Managed Floor ETF were worth $4,754,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Vise Technologies Inc. purchased a new position in Innovator Equity Managed Floor ETF in the third quarter valued at about $1,285,000. Intrua Financial LLC raised its holdings in Innovator Equity Managed Floor ETF by 0.7% in the third quarter. Intrua Financial LLC now owns 106,054 shares of the company’s stock worth $4,131,000 after purchasing an additional 704 shares in the last quarter. MGO One Seven LLC boosted its holdings in shares of Innovator Equity Managed Floor ETF by 2.0% in the 3rd quarter. MGO One Seven LLC now owns 20,540 shares of the company’s stock valued at $800,000 after buying an additional 395 shares in the last quarter. Americana Partners LLC grew its position in shares of Innovator Equity Managed Floor ETF by 4.0% in the 3rd quarter. Americana Partners LLC now owns 3,611,414 shares of the company’s stock worth $140,665,000 after buying an additional 139,813 shares during the last quarter. Finally, VestGen Advisors LLC grew its position in shares of Innovator Equity Managed Floor ETF by 35.5% in the 3rd quarter. VestGen Advisors LLC now owns 16,610 shares of the company’s stock worth $647,000 after buying an additional 4,356 shares during the last quarter.

Innovator Equity Managed Floor ETF Price Performance

NYSEARCA SFLR opened at $38.75 on Monday. The firm has a market cap of $2.23 billion, a PE ratio of 26.45 and a beta of 0.69. The company has a 50 day moving average price of $39.16 and a 200 day moving average price of $37.90. Innovator Equity Managed Floor ETF has a 52 week low of $34.69 and a 52 week high of $40.41.

Innovator Equity Managed Floor ETF Cuts Dividend

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

Innovator Equity Managed Floor ETF 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.