Innovator U.S. Equity Power Buffer ETF – January (BATS:PJAN) Shares Break Above Fifty Day Moving Average – Here’s Why

Shares of Innovator U.S. Equity Power Buffer ETF – January (BATS:PJAN) passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $50.82 and traded as high as $51.13. Innovator U.S. Equity Power Buffer ETF – January shares last traded at $51.05, with a volume of 19,265 shares traded.

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

The firm has a market cap of $1.42 billion, a P/E ratio of 24.16 and a beta of 0.51. The business’s 50-day simple moving average is $50.82 and its 200 day simple moving average is $49.11.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Berger Financial Group Inc purchased a new stake in shares of Innovator U.S. Equity Power Buffer ETF – January during the 3rd quarter valued at about $437,000. Private Advisor Group LLC purchased a new position in shares of Innovator U.S. Equity Power Buffer ETF – January in the third quarter worth approximately $357,000. Global Retirement Partners LLC purchased a new position in shares of Innovator U.S. Equity Power Buffer ETF – January in the third quarter worth approximately $108,000. BCGM Wealth Management LLC purchased a new position in shares of Innovator U.S. Equity Power Buffer ETF – January in the third quarter worth approximately $6,096,000. Finally, HighTower Advisors LLC purchased a new position in shares of Innovator U.S. Equity Power Buffer ETF – January in the third quarter worth approximately $7,388,000.

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

The Innovator U.S. Equity Power Buffer ETF – January (PJAN) 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. PJAN was launched on Jan 2, 2019 and is managed by Innovator.