Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP) Hits New 52-Week High – Still a Buy?

Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $47.13 and last traded at $47.12, with a volume of 38645 shares changing hands. The stock had previously closed at $46.80.

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

The firm has a 50 day moving average of $46.59 and a two-hundred day moving average of $45.49. The stock has a market cap of $841.36 million, a PE ratio of 25.05 and a beta of 0.48.

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

Several large investors have recently bought and sold shares of the stock. Capital Square LLC acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – September during the second quarter worth about $220,000. Cornerstone Wealth LLC TN purchased a new position in Innovator U.S. Equity Power Buffer ETF – September during the 1st quarter worth approximately $1,482,000. Envision Financial Transparency LLC acquired a new position in Innovator U.S. Equity Power Buffer ETF – September during the first quarter worth approximately $900,000. Independent Financial Group LLC purchased a new stake in Innovator U.S. Equity Power Buffer ETF – September in the first quarter valued at approximately $597,000. Finally, Kestra Advisory Services LLC lifted its stake in Innovator U.S. Equity Power Buffer ETF – September by 11.0% in the first quarter. Kestra Advisory Services LLC now owns 354,994 shares of the company’s stock valued at $15,286,000 after buying an additional 35,050 shares during the last quarter.

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

The Innovator S&P 500 Power Buffer ETF – September (PSEP) 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. PSEP was launched on Sep 3, 2019 and is managed by Innovator.