Pallas Capital Advisors LLC Increases Stock Position in Innovator Equity Managed Floor ETF $SFLR

Pallas Capital Advisors LLC increased its stake in shares of Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) by 96.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 252,727 shares of the company’s stock after purchasing an additional 123,833 shares during the quarter. Pallas Capital Advisors LLC owned approximately 0.77% of Innovator Equity Managed Floor ETF worth $9,106,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. TD Waterhouse Canada Inc. acquired a new stake in shares of Innovator Equity Managed Floor ETF in the second quarter worth $50,000. Jones Financial Companies Lllp boosted its holdings in Innovator Equity Managed Floor ETF by 33.4% in the third quarter. Jones Financial Companies Lllp now owns 1,640 shares of the company’s stock worth $59,000 after purchasing an additional 411 shares during the period. IFP Advisors Inc acquired a new stake in Innovator Equity Managed Floor ETF during the second quarter worth about $60,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of Innovator Equity Managed Floor ETF by 159.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 2,606 shares of the company’s stock worth $87,000 after purchasing an additional 1,601 shares during the last quarter. Finally, Private Trust Co. NA boosted its holdings in shares of Innovator Equity Managed Floor ETF by 1,106.5% during the third quarter. Private Trust Co. NA now owns 3,342 shares of the company’s stock valued at $120,000 after acquiring an additional 3,065 shares during the period.

Innovator Equity Managed Floor ETF Stock Performance

NYSEARCA:SFLR opened at $36.50 on Monday. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 26.45 and a beta of 0.72. The business has a fifty day moving average of $36.98 and a 200-day moving average of $36.21. Innovator Equity Managed Floor ETF has a 1 year low of $29.14 and a 1 year high of $37.55.

Innovator Equity Managed Floor ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Wednesday, December 31st were issued a $0.0221 dividend. This represents a $0.09 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Wednesday, December 31st.

Innovator Equity Managed Floor ETF Company Profile

The Innovator Equity Managed Floor ETF (SFLR) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide capital appreciation by holding a portfolio of large-cap US stocks while hedging the downside risk using a laddered options strategy. The fund utilizes four, one-year FLEX options packages with staggered 3-month expiration dates to target a maximum loss of approximately 10% on a rolling 12-month basis. SFLR was launched on Nov 8, 2022 and is managed by Innovator.