Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Reaches New 52-Week High – Here’s Why

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) reached a new 52-week high during trading on Monday . The company traded as high as $41.51 and last traded at $41.51, with a volume of 200602 shares changing hands. The stock had previously closed at $41.31.

Innovator U.S. Equity Power Buffer ETF – May Stock Up 0.5%

The stock has a market capitalization of $698.45 million, a PE ratio of 23.79 and a beta of 0.44. The business’s 50-day moving average is $41.05 and its two-hundred day moving average is $40.27.

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

Several institutional investors and hedge funds have recently made changes to their positions in PMAY. Alliancebernstein L.P. grew its stake in shares of Innovator U.S. Equity Power Buffer ETF – May by 28.2% during the 2nd quarter. Alliancebernstein L.P. now owns 3,546,015 shares of the company’s stock worth $133,998,000 after purchasing an additional 779,446 shares during the period. Focus Partners Wealth lifted its stake in shares of Innovator U.S. Equity Power Buffer ETF – May by 367.6% in the fourth quarter. Focus Partners Wealth now owns 365,330 shares of the company’s stock valued at $14,463,000 after purchasing an additional 287,204 shares during the period. Keystone Wealth Services LLC boosted its holdings in Innovator U.S. Equity Power Buffer ETF – May by 3,126.8% during the fourth quarter. Keystone Wealth Services LLC now owns 243,492 shares of the company’s stock worth $10,595,000 after buying an additional 235,946 shares in the last quarter. Raymond James Financial Inc. grew its position in Innovator U.S. Equity Power Buffer ETF – May by 26.7% during the second quarter. Raymond James Financial Inc. now owns 507,341 shares of the company’s stock worth $19,172,000 after buying an additional 106,807 shares during the period. Finally, Independent Financial Group LLC acquired a new position in Innovator U.S. Equity Power Buffer ETF – May during the first quarter worth about $3,386,000.

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.