Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Shares of Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $42.28 and traded as high as $42.40. Innovator U.S. Equity Power Buffer ETF – May shares last traded at $42.31, with a volume of 44,095 shares trading hands.

Innovator U.S. Equity Power Buffer ETF – May Trading Up 0.7%

The firm has a market cap of $784.00 million, a price-to-earnings ratio of 23.79 and a beta of 0.44. The company has a fifty day moving average price of $42.28 and a 200-day moving average price of $41.16.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Frisch Financial Group Inc. acquired a new position in Innovator U.S. Equity Power Buffer ETF – May in the third quarter valued at approximately $286,000. HighTower Advisors LLC acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May during the 3rd quarter worth approximately $8,290,000. Harbour Investments Inc. acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May during the 3rd quarter worth approximately $182,000. Valmark Advisers Inc. acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May during the 3rd quarter worth approximately $900,000. Finally, Allworth Financial LP grew its stake in shares of Innovator U.S. Equity Power Buffer ETF – May by 53.6% during the 3rd quarter. Allworth Financial LP now owns 2,765 shares of the company’s stock worth $114,000 after purchasing an additional 965 shares during the period.

Innovator U.S. Equity Power Buffer ETF – May Company Profile

The Innovator S&P 500 Power Buffer ETF – May (PMAY) 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. PMAY was launched on May 1, 2020 and is managed by Innovator.