Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Reaches New 12-Month High – Should You Buy?

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $42.37 and last traded at $42.3990, with a volume of 1912 shares trading hands. The stock had previously closed at $42.13.

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

The company has a market cap of $713.52 million, a price-to-earnings ratio of 23.79 and a beta of 0.44. The company’s 50 day moving average price is $41.87 and its 200 day moving average price is $41.08.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bullseye Investment Management LLC acquired a new position in Innovator U.S. Equity Power Buffer ETF – May during the 2nd quarter worth $3,430,000. Talon Private Wealth LLC bought a new position in shares of Innovator U.S. Equity Power Buffer ETF – May in the second quarter worth about $275,000. Sequoia Financial Advisors LLC lifted its position in shares of Innovator U.S. Equity Power Buffer ETF – May by 4.0% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 12,743 shares of the company’s stock worth $526,000 after purchasing an additional 493 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Innovator U.S. Equity Power Buffer ETF – May by 8.3% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 6,515 shares of the company’s stock worth $269,000 after purchasing an additional 500 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its stake in Innovator U.S. Equity Power Buffer ETF – May by 28.3% during the 2nd quarter. NewEdge Advisors LLC now owns 10,624 shares of the company’s stock valued at $439,000 after purchasing an additional 2,345 shares during the period.

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

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.