Innovator U.S. Equity Power Buffer ETF – June (BATS:PJUN) Reaches New 52-Week High – Still a Buy?

Innovator U.S. Equity Power Buffer ETF – June (BATS:PJUN) shares reached a new 52-week high on Monday . The stock traded as high as $42.06 and last traded at $42.21, with a volume of 575303 shares. The stock had previously closed at $42.01.

Innovator U.S. Equity Power Buffer ETF – June Stock Up 0.6%

The company has a 50-day moving average price of $41.93 and a two-hundred day moving average price of $41.26. The stock has a market capitalization of $770.58 million, a P/E ratio of 24.61 and a beta of 0.44.

Hedge Funds Weigh In On Innovator U.S. Equity Power Buffer ETF – June

Hedge funds and other institutional investors have recently modified their holdings of the stock. Brookstone Capital Management boosted its stake in Innovator U.S. Equity Power Buffer ETF – June by 360.7% during the third quarter. Brookstone Capital Management now owns 939,195 shares of the company’s stock worth $38,648,000 after buying an additional 735,354 shares during the period. Beacon Pointe Advisors LLC grew its holdings in Innovator U.S. Equity Power Buffer ETF – June by 58.9% in the 2nd quarter. Beacon Pointe Advisors LLC now owns 138,703 shares of the company’s stock valued at $5,515,000 after buying an additional 51,412 shares during the period. MAI Capital Management lifted its stake in shares of Innovator U.S. Equity Power Buffer ETF – June by 127.7% during the second quarter. MAI Capital Management now owns 55,251 shares of the company’s stock worth $2,197,000 after purchasing an additional 30,990 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Innovator U.S. Equity Power Buffer ETF – June by 274.3% during the 2nd quarter. Commonwealth Equity Services LLC now owns 1,670,634 shares of the company’s stock worth $66,424,000 after acquiring an additional 1,224,248 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Innovator U.S. Equity Power Buffer ETF – June by 32.4% during the second quarter. IFP Advisors Inc now owns 43,123 shares of the company’s stock valued at $1,715,000 after acquiring an additional 10,549 shares during the period.

About Innovator U.S. Equity Power Buffer ETF – June

The Innovator S&P 500 Power Buffer ETF – New (PJUN) 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. PJUN was launched on Jun 3, 2019 and is managed by Innovator.