Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP) Hits New 1-Year High – Time to Buy?

Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $45.81 and last traded at $45.73, with a volume of 13182 shares traded. The stock had previously closed at $45.66.

Innovator U.S. Equity Power Buffer ETF – September Stock Up 0.2%

The stock’s 50 day moving average price is $44.44 and its 200-day moving average price is $43.94. The stock has a market capitalization of $816.28 million, a PE ratio of 25.05 and a beta of 0.48.

Institutional Trading of Innovator U.S. Equity Power Buffer ETF – September

A number of hedge funds and other institutional investors have recently modified their holdings of PSEP. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Innovator U.S. Equity Power Buffer ETF – September in the third quarter worth $29,000. Key Capital Management INC purchased a new stake in shares of Innovator U.S. Equity Power Buffer ETF – September in the fourth quarter worth $46,000. Barclays PLC purchased a new stake in shares of Innovator U.S. Equity Power Buffer ETF – September in the fourth quarter worth $64,000. EverSource Wealth Advisors LLC increased 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 worth $67,000 after purchasing an additional 541 shares in the last quarter. Finally, Elevated Capital Advisors LLC purchased a new stake in shares of Innovator U.S. Equity Power Buffer ETF – September in the fourth quarter worth $83,000.

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

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.