Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) Trading Down 1.1% – Should You Sell?

Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) shares dropped 1.1% on Friday . The stock traded as low as $16.75 and last traded at $16.81. Approximately 10,298 shares were traded during trading, a decline of 39% from the average daily volume of 16,939 shares. The stock had previously closed at $16.99.

Innovator S&P Investment Grade Preferred ETF Price Performance

The company has a 50-day moving average of $17.51 and a 200-day moving average of $17.84.

Innovator S&P Investment Grade Preferred ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were given a $0.085 dividend. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Friday, February 27th.

Hedge Funds Weigh In On Innovator S&P Investment Grade Preferred ETF

Large investors have recently bought and sold shares of the company. Susquehanna International Group LLP boosted its holdings in shares of Innovator S&P Investment Grade Preferred ETF by 4.1% in the third quarter. Susquehanna International Group LLP now owns 20,495 shares of the company’s stock valued at $375,000 after acquiring an additional 805 shares in the last quarter. Whipplewood Advisors LLC raised its holdings in Innovator S&P Investment Grade Preferred ETF by 5.2% during the third quarter. Whipplewood Advisors LLC now owns 37,800 shares of the company’s stock worth $691,000 after purchasing an additional 1,877 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Innovator S&P Investment Grade Preferred ETF by 3.7% during the second quarter. Raymond James Financial Inc. now owns 72,435 shares of the company’s stock worth $1,277,000 after purchasing an additional 2,553 shares in the last quarter. Websterrogers Financial Advisors LLC lifted its position in Innovator S&P Investment Grade Preferred ETF by 3.1% in the third quarter. Websterrogers Financial Advisors LLC now owns 99,828 shares of the company’s stock valued at $1,825,000 after purchasing an additional 3,009 shares during the period. Finally, Wealth Enhancement Advisory Services LLC lifted its position in Innovator S&P Investment Grade Preferred ETF by 11.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 103,544 shares of the company’s stock valued at $1,853,000 after purchasing an additional 10,773 shares during the period.

Innovator S&P Investment Grade Preferred ETF Company Profile

The Innovator S&P Investment Grade Preferred ETF (EPRF) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index composed of U.S.-listed, investment grade, fixed-rate preferred issues, with a modified equal weighting. EPRF was launched on May 24, 2016 and is managed by Innovator.