Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Hits New 52-Week High – Here’s Why

Shares of Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) reached a new 52-week high on Monday . The stock traded as high as $39.42 and last traded at $39.7550, with a volume of 6320 shares traded. The stock had previously closed at $39.39.

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

The stock has a market cap of $668.40 million, a price-to-earnings ratio of 23.79 and a beta of 0.44. The business has a 50-day simple moving average of $39.33 and a two-hundred day simple moving average of $38.77.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Alliancebernstein L.P. grew its holdings in shares of Innovator U.S. Equity Power Buffer ETF – May by 28.2% in the 2nd quarter. Alliancebernstein L.P. now owns 3,546,015 shares of the company’s stock valued at $133,998,000 after acquiring an additional 779,446 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Innovator U.S. Equity Power Buffer ETF – May by 1.7% in the 3rd quarter. Penserra Capital Management LLC now owns 1,571,751 shares of the company’s stock valued at $61,133,000 after buying an additional 25,680 shares during the last quarter. Raymond James Financial Inc. increased its holdings in Innovator U.S. Equity Power Buffer ETF – May by 26.7% during the second quarter. Raymond James Financial Inc. now owns 507,341 shares of the company’s stock worth $19,172,000 after buying an additional 106,807 shares during the last quarter. Osaic Holdings Inc. lifted its stake in Innovator U.S. Equity Power Buffer ETF – May by 20.7% in the second quarter. Osaic Holdings Inc. now owns 495,679 shares of the company’s stock valued at $18,727,000 after acquiring an additional 84,913 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Innovator U.S. Equity Power Buffer ETF – May by 10.8% in the 2nd quarter. Cetera Investment Advisers now owns 258,367 shares of the company’s stock valued at $9,763,000 after acquiring an additional 25,192 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.