Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Hits New 12-Month High – Time to Buy?

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $41.26 and last traded at $41.23, with a volume of 12713 shares changing hands. The stock had previously closed at $41.17.

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

The business has a 50-day simple moving average of $40.37 and a 200 day simple moving average of $39.85. The firm has a market cap of $694.41 million, a P/E ratio of 23.79 and a beta of 0.44.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in PMAY. Jessup Wealth Management Inc bought a new position in Innovator U.S. Equity Power Buffer ETF – May in the 4th quarter worth $56,000. Fifth Third Bancorp bought a new position in Innovator U.S. Equity Power Buffer ETF – May in the 1st quarter worth $80,000. Optima Capital LLC bought a new position in Innovator U.S. Equity Power Buffer ETF – May in the 4th quarter worth $107,000. Straight Path Wealth Management bought a new position in Innovator U.S. Equity Power Buffer ETF – May in the 3rd quarter worth $203,000. Finally, Foundry Financial Group Inc. bought a new position in Innovator U.S. Equity Power Buffer ETF – May in the 4th quarter worth $203,000.

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.