Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Hits New 1-Year High – Time to Buy?

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $41.67 and last traded at $41.63, with a volume of 7013 shares changing hands. The stock had previously closed at $41.55.

Innovator U.S. Equity Power Buffer ETF – May Stock Performance

The stock has a market cap of $698.95 million, a PE ratio of 23.79 and a beta of 0.44. The business has a 50-day moving average of $41.18 and a 200 day moving average of $40.37.

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

Institutional investors and hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in Innovator U.S. Equity Power Buffer ETF – May by 28.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,112 shares of the company’s stock valued at $495,000 after acquiring an additional 2,940 shares during the last quarter. Cresset Asset Management LLC acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May during the second quarter worth $406,000. Cerity Partners LLC grew its position in shares of Innovator U.S. Equity Power Buffer ETF – May by 20.9% in the second quarter. Cerity Partners LLC now owns 18,500 shares of the company’s stock valued at $699,000 after purchasing an additional 3,200 shares during the period. NewEdge Advisors LLC grew its position in shares of Innovator U.S. Equity Power Buffer ETF – May by 52.2% in the second quarter. NewEdge Advisors LLC now owns 15,123 shares of the company’s stock valued at $571,000 after purchasing an additional 5,188 shares during the period. Finally, Alliancebernstein L.P. increased its stake in Innovator U.S. Equity Power Buffer ETF – May by 28.2% in the second quarter. Alliancebernstein L.P. now owns 3,546,015 shares of the company’s stock valued at $133,998,000 after purchasing an additional 779,446 shares during the last quarter.

About Innovator U.S. Equity Power Buffer ETF – May

The Innovator S&P 500 Power Buffer ETF – May (PMAY) 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. PMAY was launched on May 1, 2020 and is managed by Innovator.