NewCorp Financial Services Inc. Invests $7.23 Million in Innovator Equity Managed Floor ETF $SFLR

NewCorp Financial Services Inc. bought a new position in shares of Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 196,175 shares of the company’s stock, valued at approximately $7,231,000. Innovator Equity Managed Floor ETF accounts for approximately 6.4% of NewCorp Financial Services Inc.’s holdings, making the stock its 5th biggest holding. NewCorp Financial Services Inc. owned about 0.51% of Innovator Equity Managed Floor ETF at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Rothschild Wealth LLC grew its position in shares of Innovator Equity Managed Floor ETF by 34.9% during the 4th quarter. Rothschild Wealth LLC now owns 370,693 shares of the company’s stock worth $13,664,000 after buying an additional 95,924 shares during the period. Northwestern Mutual Wealth Management Co. grew its position in shares of Innovator Equity Managed Floor ETF by 125,258.5% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 81,483 shares of the company’s stock worth $3,003,000 after buying an additional 81,418 shares during the period. Foundations Investment Advisors LLC grew its position in shares of Innovator Equity Managed Floor ETF by 77.2% during the 4th quarter. Foundations Investment Advisors LLC now owns 75,295 shares of the company’s stock worth $2,775,000 after buying an additional 32,798 shares during the period. Kingsview Wealth Management LLC grew its position in shares of Innovator Equity Managed Floor ETF by 7.2% during the 4th quarter. Kingsview Wealth Management LLC now owns 1,886,697 shares of the company’s stock worth $69,544,000 after buying an additional 126,292 shares during the period. Finally, Harbour Investments Inc. grew its position in shares of Innovator Equity Managed Floor ETF by 9.8% during the 4th quarter. Harbour Investments Inc. now owns 110,485 shares of the company’s stock worth $4,072,000 after buying an additional 9,844 shares during the period.

Innovator Equity Managed Floor ETF Stock Performance

Innovator Equity Managed Floor ETF stock opened at $38.88 on Monday. The firm has a market capitalization of $1.74 billion, a P/E ratio of 26.45 and a beta of 0.67. Innovator Equity Managed Floor ETF has a 1 year low of $32.15 and a 1 year high of $39.63. The business has a 50-day moving average of $36.82 and a 200-day moving average of $36.78.

Innovator Equity Managed Floor ETF Profile

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.