Innovator U.S. Equity Power Buffer ETF – January (BATS:PJAN) Sets New 52-Week High – Time to Buy?

Innovator U.S. Equity Power Buffer ETF – January (BATS:PJAN) shares reached a new 52-week high during trading on Thursday . The company traded as high as $50.75 and last traded at $50.7050, with a volume of 9599 shares traded. The stock had previously closed at $50.56.

Innovator U.S. Equity Power Buffer ETF – January Trading Up 0.4%

The stock has a 50 day moving average price of $49.98 and a two-hundred day moving average price of $48.66. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 24.16 and a beta of 0.47.

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

Several hedge funds have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC grew its position in shares of Innovator U.S. Equity Power Buffer ETF – January by 1,235.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,623,085 shares of the company’s stock worth $76,317,000 after buying an additional 1,501,558 shares during the period. LPL Financial LLC boosted its stake in Innovator U.S. Equity Power Buffer ETF – January by 18.0% during the 4th quarter. LPL Financial LLC now owns 834,395 shares of the company’s stock worth $39,233,000 after acquiring an additional 127,023 shares during the last quarter. Brookstone Capital Management grew its holdings in Innovator U.S. Equity Power Buffer ETF – January by 522.9% during the first quarter. Brookstone Capital Management now owns 758,887 shares of the company’s stock valued at $35,007,000 after purchasing an additional 637,054 shares during the period. Personal CFO Solutions LLC bought a new stake in Innovator U.S. Equity Power Buffer ETF – January in the first quarter valued at approximately $27,379,000. Finally, Focus Partners Wealth increased its stake in Innovator U.S. Equity Power Buffer ETF – January by 1,350.9% in the fourth quarter. Focus Partners Wealth now owns 499,828 shares of the company’s stock valued at $23,502,000 after purchasing an additional 465,378 shares in the last quarter.

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

The Innovator U.S. Equity Power Buffer ETF – January (PJAN) 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. PJAN was launched on Jan 2, 2019 and is managed by Innovator.