Innovator U.S. Equity Power Buffer ETF – August (BATS:PAUG) Reaches New 1-Year High – Still a Buy?

Innovator U.S. Equity Power Buffer ETF – August (BATS:PAUG)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $44.16 and last traded at $44.13, with a volume of 18772 shares changing hands. The stock had previously closed at $43.95.

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

The firm’s fifty day moving average is $43.29 and its 200-day moving average is $43.08. The company has a market capitalization of $859.23 million, a P/E ratio of 24.79 and a beta of 0.48.

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

A number of institutional investors have recently added to or reduced their stakes in the business. Alliancebernstein L.P. grew its holdings in Innovator U.S. Equity Power Buffer ETF – August by 28.3% during the 3rd quarter. Alliancebernstein L.P. now owns 3,324,821 shares of the company’s stock worth $141,205,000 after acquiring an additional 733,172 shares during the last quarter. Penserra Capital Management LLC grew its holdings in Innovator U.S. Equity Power Buffer ETF – August by 1.7% during the 3rd quarter. Penserra Capital Management LLC now owns 1,481,872 shares of the company’s stock worth $62,935,000 after acquiring an additional 24,210 shares during the last quarter. Brookstone Capital Management grew its holdings in Innovator U.S. Equity Power Buffer ETF – August by 437.3% during the 3rd quarter. Brookstone Capital Management now owns 901,501 shares of the company’s stock worth $38,287,000 after acquiring an additional 733,714 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in Innovator U.S. Equity Power Buffer ETF – August by 4.8% during the 3rd quarter. Commonwealth Equity Services LLC now owns 606,095 shares of the company’s stock worth $25,741,000 after acquiring an additional 27,529 shares during the last quarter. Finally, Focus Partners Wealth grew its holdings in Innovator U.S. Equity Power Buffer ETF – August by 198.7% during the 4th quarter. Focus Partners Wealth now owns 566,642 shares of the company’s stock worth $24,507,000 after acquiring an additional 376,961 shares during the last quarter.

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

The Innovator U.S. Equity Power Buffer ETF – August (PAUG) 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. PAUG was launched on Aug 1, 2019 and is managed by Innovator.