Sunbelt Securities Inc. Purchases 19,194 Shares of Innovator Power Buffer Step-Up Strategy ETF $PSTP

Sunbelt Securities Inc. raised its holdings in Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 360,494 shares of the company’s stock after buying an additional 19,194 shares during the period. Innovator Power Buffer Step-Up Strategy ETF comprises about 0.8% of Sunbelt Securities Inc.’s holdings, making the stock its 18th largest position. Sunbelt Securities Inc. owned approximately 10.07% of Innovator Power Buffer Step-Up Strategy ETF worth $12,743,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in PSTP. Allworth Financial LP purchased a new stake in shares of Innovator Power Buffer Step-Up Strategy ETF in the third quarter worth approximately $49,000. Capital Investment Advisory Services LLC lifted its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 30.2% in the fourth quarter. Capital Investment Advisory Services LLC now owns 2,296 shares of the company’s stock valued at $81,000 after purchasing an additional 532 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Innovator Power Buffer Step-Up Strategy ETF during the first quarter valued at approximately $238,000. JPMorgan Chase & Co. boosted its position in shares of Innovator Power Buffer Step-Up Strategy ETF by 2,234.3% during the third quarter. JPMorgan Chase & Co. now owns 7,680 shares of the company’s stock valued at $267,000 after buying an additional 7,351 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in Innovator Power Buffer Step-Up Strategy ETF during the third quarter worth $289,000.

Innovator Power Buffer Step-Up Strategy ETF Trading Up 0.5%

NYSEARCA PSTP opened at $36.73 on Friday. The firm has a market capitalization of $130.39 million, a P/E ratio of 24.87 and a beta of 0.52. The business has a fifty day simple moving average of $36.26 and a 200 day simple moving average of $35.61. Innovator Power Buffer Step-Up Strategy ETF has a 12 month low of $32.67 and a 12 month high of $37.01.

About Innovator Power Buffer Step-Up Strategy ETF

The Innovator Power Buffer Step-Up Strategy ETF (PSTP) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trus index. The fund aims for buffered losses and gains on the SPDR S&P 500 ETF Trust (SPY) through the active use of FLEX options, which it rebalances monthly. The fund intends to opportunistically reset its portfolio prior to the one-year expiration date of the options. PSTP was launched on Mar 8, 2022 and is managed by Innovator.