Innovator U.S. Equity Power Buffer ETF – August (BATS:PAUG) Hits New 52-Week High – Still a Buy?

Shares of Innovator U.S. Equity Power Buffer ETF – August (BATS:PAUG) reached a new 52-week high during trading on Wednesday . The company traded as high as $45.15 and last traded at $45.15, with a volume of 3592 shares traded. The stock had previously closed at $45.01.

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

The stock’s 50-day simple moving average is $43.82 and its 200 day simple moving average is $43.42. The stock has a market capitalization of $875.13 million, a P/E ratio of 24.79 and a beta of 0.48.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PAUG. Key Capital Management INC bought a new position in Innovator U.S. Equity Power Buffer ETF – August during the fourth quarter worth $47,000. Triumph Capital Management bought a new position in Innovator U.S. Equity Power Buffer ETF – August during the third quarter worth $67,000. JPMorgan Chase & Co. boosted its position in Innovator U.S. Equity Power Buffer ETF – August by 15.4% during the second quarter. JPMorgan Chase & Co. now owns 1,859 shares of the company’s stock worth $75,000 after purchasing an additional 248 shares during the period. Creative Financial Designs Inc. ADV boosted its position in Innovator U.S. Equity Power Buffer ETF – August by 13.1% during the third quarter. Creative Financial Designs Inc. ADV now owns 2,375 shares of the company’s stock worth $101,000 after purchasing an additional 275 shares during the period. Finally, Barclays PLC bought a new position in Innovator U.S. Equity Power Buffer ETF – August during the fourth quarter worth $201,000.

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

The Innovator U.S. Equity Power Buffer ETF – August (PAUG) 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. PAUG was launched on Aug 1, 2019 and is managed by Innovator.