Innovator U.S. Equity Power Buffer ETF – August (BATS:PAUG) Hits New 52-Week High – Here’s Why

Innovator U.S. Equity Power Buffer ETF – August (BATS:PAUG)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $45.81 and last traded at $45.81, with a volume of 1386 shares traded. The stock had previously closed at $45.80.

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

The stock has a 50-day moving average price of $45.31 and a 200 day moving average price of $44.12. The firm has a market cap of $888.71 million, a price-to-earnings 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 bought and sold shares of PAUG. JPMorgan Chase & Co. lifted its position in Innovator U.S. Equity Power Buffer ETF – August by 15.4% in the second quarter. JPMorgan Chase & Co. now owns 1,859 shares of the company’s stock valued at $75,000 after purchasing an additional 248 shares during the period. Raymond James Financial Inc. boosted its holdings in Innovator U.S. Equity Power Buffer ETF – August by 11.0% in the 2nd quarter. Raymond James Financial Inc. now owns 319,897 shares of the company’s stock valued at $12,943,000 after purchasing an additional 31,751 shares in the last quarter. MML Investors Services LLC increased its position in Innovator U.S. Equity Power Buffer ETF – August by 6.0% during the 2nd quarter. MML Investors Services LLC now owns 67,651 shares of the company’s stock worth $2,737,000 after purchasing an additional 3,831 shares during the period. Orion Porfolio Solutions LLC increased its position in Innovator U.S. Equity Power Buffer ETF – August by 342.2% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 25,054 shares of the company’s stock worth $1,064,000 after purchasing an additional 19,388 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of Innovator U.S. Equity Power Buffer ETF – August by 28.3% during the 3rd quarter. Alliancebernstein L.P. now owns 3,324,821 shares of the company’s stock worth $141,205,000 after buying an additional 733,172 shares in the last quarter.

Innovator U.S. Equity Power Buffer ETF – August Company Profile

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.