Innovator U.S. Equity Power Buffer ETF – April (BATS:PAPR) Sets New 1-Year High – Should You Buy?

Innovator U.S. Equity Power Buffer ETF – April (BATS:PAPR)’s stock price reached a new 52-week high during mid-day trading on Friday. The stock traded as high as $43.47 and last traded at $43.4350, with a volume of 17045 shares. The stock had previously closed at $43.33.

Innovator U.S. Equity Power Buffer ETF – April Trading Up 0.2%

The stock has a fifty day moving average price of $43.00 and a 200-day moving average price of $42.11. The firm has a market capitalization of $983.80 million, a price-to-earnings ratio of 24.09 and a beta of 0.43.

Institutional Investors Weigh In On Innovator U.S. Equity Power Buffer ETF – April

A number of hedge funds have recently added to or reduced their stakes in PAPR. Dynamic Advisor Solutions LLC bought a new position in Innovator U.S. Equity Power Buffer ETF – April during the second quarter worth about $322,000. CoreCap Advisors LLC increased its position in shares of Innovator U.S. Equity Power Buffer ETF – April by 6.5% in the 2nd quarter. CoreCap Advisors LLC now owns 114,078 shares of the company’s stock valued at $4,814,000 after buying an additional 7,010 shares in the last quarter. Cornerstone Wealth LLC TN acquired a new stake in Innovator U.S. Equity Power Buffer ETF – April during the 1st quarter worth $1,145,000. Cassady Wealth & Retirement Planning LLC grew its stake in Innovator U.S. Equity Power Buffer ETF – April by 94.5% in the first quarter. Cassady Wealth & Retirement Planning LLC now owns 210,051 shares of the company’s stock valued at $8,734,000 after acquiring an additional 102,081 shares during the period. Finally, Arkadios Wealth Advisors raised its position in shares of Innovator U.S. Equity Power Buffer ETF – April by 29.7% during the first quarter. Arkadios Wealth Advisors now owns 20,352 shares of the company’s stock worth $810,000 after purchasing an additional 4,660 shares during the period.

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

The Innovator S&P 500 Power Buffer ETF – April New (PAPR) 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. PAPR was launched on Apr 1, 2019 and is managed by Innovator.