Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV) Reaches New 52-Week High – Should You Buy?

Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV) shares hit a new 52-week high on Monday . The company traded as high as $40.10 and last traded at $40.9590, with a volume of 163617 shares changing hands. The stock had previously closed at $39.75.

Innovator U.S. Equity Power Buffer ETF – November Stock Up 3.4%

The firm has a 50 day moving average price of $41.15 and a 200 day moving average price of $40.10. The stock has a market cap of $693.60 million, a PE ratio of 24.05 and a beta of 0.45.

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

A number of large investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC boosted its holdings in shares of Innovator U.S. Equity Power Buffer ETF – November by 14.6% in the 2nd quarter. Penserra Capital Management LLC now owns 1,483,262 shares of the company’s stock valued at $58,618,000 after buying an additional 188,411 shares in the last quarter. Luminist Capital LLC acquired a new stake in Innovator U.S. Equity Power Buffer ETF – November in the first quarter valued at approximately $5,855,000. Osaic Holdings Inc. grew its holdings in Innovator U.S. Equity Power Buffer ETF – November by 13.1% in the second quarter. Osaic Holdings Inc. now owns 411,671 shares of the company’s stock worth $16,269,000 after purchasing an additional 47,753 shares during the last quarter. LPL Financial LLC increased its position in shares of Innovator U.S. Equity Power Buffer ETF – November by 15.6% during the first quarter. LPL Financial LLC now owns 319,276 shares of the company’s stock worth $11,883,000 after purchasing an additional 43,027 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC purchased a new stake in shares of Innovator U.S. Equity Power Buffer ETF – November during the 2nd quarter valued at $1,492,000.

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

The Innovator U.S. Equity Power Buffer ETF – November (PNOV) 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. PNOV was launched on Nov 1, 2019 and is managed by Innovator.