KFG Wealth Management LLC Has $8.69 Million Stock Holdings in Innovator Power Buffer Step-Up Strategy ETF $PSTP

KFG Wealth Management LLC reduced its stake in Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) by 51.5% in the 1st quarter, HoldingsChannel reports. The firm owned 252,009 shares of the company’s stock after selling 268,072 shares during the quarter. Innovator Power Buffer Step-Up Strategy ETF makes up 1.1% of KFG Wealth Management LLC’s portfolio, making the stock its 18th biggest position. KFG Wealth Management LLC owned about 0.07% of Innovator Power Buffer Step-Up Strategy ETF worth $8,687,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sunbelt Securities Inc. boosted its position in shares of Innovator Power Buffer Step-Up Strategy ETF by 5.6% during the 4th quarter. Sunbelt Securities Inc. now owns 360,494 shares of the company’s stock worth $12,743,000 after purchasing an additional 19,194 shares in the last quarter. Opus Financial Solutions LLC bought a new stake in Innovator Power Buffer Step-Up Strategy ETF in the 4th quarter valued at about $404,000. Kestra Advisory Services LLC increased its position in Innovator Power Buffer Step-Up Strategy ETF by 6.7% in the 4th quarter. Kestra Advisory Services LLC now owns 28,288 shares of the company’s stock valued at $1,000,000 after buying an additional 1,775 shares in the last quarter. Brooklyn Investment Group bought a new stake in Innovator Power Buffer Step-Up Strategy ETF in the 4th quarter valued at about $309,000. Finally, COFG Advisors LLC acquired a new position in Innovator Power Buffer Step-Up Strategy ETF during the 4th quarter worth approximately $315,000.

Innovator Power Buffer Step-Up Strategy ETF Stock Performance

Shares of NYSEARCA:PSTP opened at $36.43 on Thursday. The business’s 50 day simple moving average is $36.36 and its two-hundred day simple moving average is $35.65. The firm has a market cap of $129.33 million, a P/E ratio of 24.87 and a beta of 0.52. Innovator Power Buffer Step-Up Strategy ETF has a 52-week low of $33.10 and a 52-week high of $37.01.

About Innovator Power Buffer Step-Up Strategy ETF

The Innovator Power Buffer Step-Up Strategy ETF (PSTP) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trus index. The fund aims for buffered losses and gains on the SPDR S&P 500 ETF Trust (SPY) through the active use of FLEX options, which it rebalances monthly. The fund intends to opportunistically reset its portfolio prior to the one-year expiration date of the options. PSTP was launched on Mar 8, 2022 and is managed by Innovator.