Perennial Investment Advisors LLC Boosts Stock Position in Innovator Equity Managed Floor ETF $SFLR

Perennial Investment Advisors LLC increased its stake in Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) by 14.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 140,588 shares of the company’s stock after purchasing an additional 17,500 shares during the quarter. Perennial Investment Advisors LLC owned about 0.43% of Innovator Equity Managed Floor ETF worth $5,065,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SFLR. Global Retirement Partners LLC boosted its stake in Innovator Equity Managed Floor ETF by 33.2% in the 3rd quarter. Global Retirement Partners LLC now owns 156,511 shares of the company’s stock worth $5,639,000 after purchasing an additional 39,013 shares during the period. Beacon Financial Group increased its position in shares of Innovator Equity Managed Floor ETF by 21.2% during the third quarter. Beacon Financial Group now owns 116,946 shares of the company’s stock valued at $4,214,000 after buying an additional 20,467 shares during the period. Concurrent Investment Advisors LLC lifted its holdings in shares of Innovator Equity Managed Floor ETF by 350.3% in the third quarter. Concurrent Investment Advisors LLC now owns 59,065 shares of the company’s stock worth $2,128,000 after buying an additional 45,949 shares in the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Innovator Equity Managed Floor ETF by 229.1% in the third quarter. Thrivent Financial for Lutherans now owns 120,593 shares of the company’s stock valued at $4,345,000 after acquiring an additional 83,949 shares during the period. Finally, CWM LLC boosted its position in shares of Innovator Equity Managed Floor ETF by 156.4% in the third quarter. CWM LLC now owns 47,968 shares of the company’s stock valued at $1,728,000 after acquiring an additional 29,257 shares during the period.

Innovator Equity Managed Floor ETF Trading Down 0.4%

Innovator Equity Managed Floor ETF stock opened at $36.70 on Friday. The firm’s 50 day simple moving average is $36.97 and its 200 day simple moving average is $36.40. The firm has a market capitalization of $1.41 billion, a PE ratio of 26.45 and a beta of 0.72. Innovator Equity Managed Floor ETF has a 1-year low of $29.14 and a 1-year high of $37.79.

Innovator Equity Managed Floor ETF Cuts Dividend

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

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.