Drive Wealth Management LLC Increases Stake in Innovator U.S. Equity Power Buffer ETF – May $PMAY

Drive Wealth Management LLC grew its stake in shares of Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) by 12.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,643 shares of the company’s stock after purchasing an additional 970 shares during the quarter. Drive Wealth Management LLC owned approximately 0.05% of Innovator U.S. Equity Power Buffer ETF – May worth $327,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in PMAY. Wealth Enhancement Advisory Services LLC boosted its position in Innovator U.S. Equity Power Buffer ETF – May by 239.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 170,580 shares of the company’s stock valued at $6,456,000 after buying an additional 120,277 shares during the period. Penserra Capital Management LLC raised its stake in shares of Innovator U.S. Equity Power Buffer ETF – May by 3.6% during the first quarter. Penserra Capital Management LLC now owns 1,355,231 shares of the company’s stock valued at $48,517,000 after acquiring an additional 46,908 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of Innovator U.S. Equity Power Buffer ETF – May by 141.1% during the first quarter. LPL Financial LLC now owns 242,466 shares of the company’s stock worth $8,680,000 after purchasing an additional 141,903 shares during the period. Truist Financial Corp grew its stake in shares of Innovator U.S. Equity Power Buffer ETF – May by 60.9% in the second quarter. Truist Financial Corp now owns 140,998 shares of the company’s stock worth $5,328,000 after purchasing an additional 53,366 shares during the last quarter. Finally, Valmark Advisers Inc. increased its holdings in Innovator U.S. Equity Power Buffer ETF – May by 5.8% during the 2nd quarter. Valmark Advisers Inc. now owns 38,296 shares of the company’s stock valued at $1,447,000 after purchasing an additional 2,086 shares during the period.

Innovator U.S. Equity Power Buffer ETF – May Price Performance

PMAY opened at $38.98 on Tuesday. The firm has a market capitalization of $655.98 million, a price-to-earnings ratio of 23.79 and a beta of 0.44. Innovator U.S. Equity Power Buffer ETF – May has a one year low of $32.70 and a one year high of $38.16. The business has a 50 day simple moving average of $38.65 and a two-hundred day simple moving average of $37.44.

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.