Sovran Advisors LLC Acquires Shares of 521,901 Innovator U.S. Equity Ultra Buffer ETF – September (BATS:USEP)

Sovran Advisors LLC acquired a new stake in shares of Innovator U.S. Equity Ultra Buffer ETF – September (BATS:USEP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 521,901 shares of the company’s stock, valued at approximately $18,316,000. Innovator U.S. Equity Ultra Buffer ETF – September comprises 2.6% of Sovran Advisors LLC’s portfolio, making the stock its 2nd largest holding. Sovran Advisors LLC owned approximately 28.21% of Innovator U.S. Equity Ultra Buffer ETF – September as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of the company. Reston Wealth Management LLC purchased a new stake in shares of Innovator U.S. Equity Ultra Buffer ETF – September during the third quarter valued at $93,000. Truvestments Capital LLC purchased a new stake in shares of Innovator U.S. Equity Ultra Buffer ETF – September during the third quarter valued at $151,000. Worth Financial Advisory Group LLC purchased a new stake in shares of Innovator U.S. Equity Ultra Buffer ETF – September during the third quarter valued at $240,000. Foundations Investment Advisors LLC purchased a new stake in shares of Innovator U.S. Equity Ultra Buffer ETF – September during the fourth quarter valued at $255,000. Finally, Physician Wealth Advisors Inc. purchased a new stake in shares of Innovator U.S. Equity Ultra Buffer ETF – September during the third quarter valued at $256,000.

Innovator U.S. Equity Ultra Buffer ETF – September Price Performance

Shares of USEP opened at $35.82 on Tuesday. The stock has a market capitalization of $66.26 million, a price-to-earnings ratio of 24.57 and a beta of 0.55. The company’s 50-day moving average is $35.50 and its two-hundred day moving average is $34.87.

Innovator U.S. Equity Ultra Buffer ETF – September Profile

The Innovator S&P 500 Ultra Buffer ETF – September (USEP) 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. USEP was launched on Sep 3, 2019 and is managed by Innovator.