LifePlan Investment Advisors Inc. Takes Position in Innovator Equity Managed Floor ETF $SFLR

LifePlan Investment Advisors Inc. bought a new position in Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 16,001 shares of the company’s stock, valued at approximately $617,000.

Other hedge funds have also made changes to their positions in the company. Gilpin Wealth Management LLC bought a new position in Innovator Equity Managed Floor ETF during the 4th quarter valued at about $91,000. Physician Wealth Advisors Inc. bought a new stake in Innovator Equity Managed Floor ETF during the first quarter worth about $96,000. Royal Bank of Canada acquired a new stake in shares of Innovator Equity Managed Floor ETF during the first quarter worth approximately $104,000. Fifth Third Bancorp acquired a new stake in shares of Innovator Equity Managed Floor ETF during the first quarter worth approximately $137,000. Finally, Sound Income Strategies LLC bought a new position in shares of Innovator Equity Managed Floor ETF in the first quarter valued at approximately $146,000.

Innovator Equity Managed Floor ETF Price Performance

NYSEARCA SFLR opened at $39.19 on Friday. The firm has a market cap of $2.16 billion, a PE ratio of 26.45 and a beta of 0.69. Innovator Equity Managed Floor ETF has a one year low of $34.69 and a one year high of $40.12. The stock’s 50 day simple moving average is $38.71 and its 200 day simple moving average is $37.66.

Innovator Equity Managed Floor ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Tuesday, June 30th were paid a $0.0227 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.09 dividend on an annualized basis and a yield of 0.2%.

About Innovator Equity Managed Floor ETF

The Innovator Equity Managed Floor ETF (SFLR) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide capital appreciation by holding a portfolio of large-cap US stocks while hedging the downside risk using a laddered options strategy. The fund utilizes four, one-year FLEX options packages with staggered 3-month expiration dates to target a maximum loss of approximately 10% on a rolling 12-month basis. SFLR was launched on Nov 8, 2022 and is managed by Innovator.