Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP) Reaches New 52-Week High – Still a Buy?

Shares of Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEPGet Free Report) reached a new 52-week high during trading on Friday . The stock traded as high as $44.0897 and last traded at $44.0897, with a volume of 32241 shares trading hands. The stock had previously closed at $43.65.

Innovator U.S. Equity Power Buffer ETF – September Stock Performance

The business’s fifty day moving average price is $43.78 and its two-hundred day moving average price is $42.99. The stock has a market capitalization of $787.00 million, a P/E ratio of 25.05 and a beta of 0.48.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. bought a new position in shares of Innovator U.S. Equity Power Buffer ETF – September during the 3rd quarter valued at approximately $29,000. Geneos Wealth Management Inc. purchased a new position in Innovator U.S. Equity Power Buffer ETF – September during the third quarter worth $46,000. Key Capital Management INC purchased a new position in Innovator U.S. Equity Power Buffer ETF – September during the fourth quarter worth $46,000. MMA Asset Management LLC bought a new position in Innovator U.S. Equity Power Buffer ETF – September during the second quarter valued at $53,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Innovator U.S. Equity Power Buffer ETF – September by 53.7% in the third quarter. EverSource Wealth Advisors LLC now owns 1,549 shares of the company’s stock valued at $67,000 after acquiring an additional 541 shares during the period.

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

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The Innovator S&P 500 Power Buffer ETF – September (PSEP) 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. PSEP was launched on Sep 3, 2019 and is managed by Innovator.

Further Reading

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