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

Innovator U.S. Equity Power Buffer ETF – January (BATS:PJAN) hit a new 52-week high on Wednesday . The company traded as high as $48.35 and last traded at $48.35, with a volume of 33812 shares trading hands. The stock had previously closed at $48.09.

Innovator U.S. Equity Power Buffer ETF – January Price Performance

The stock has a 50 day simple moving average of $46.92 and a two-hundred day simple moving average of $46.73. The company has a market cap of $1.42 billion, a PE ratio of 24.16 and a beta of 0.47.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PJAN. Steward Partners Investment Advisory LLC lifted its stake in Innovator U.S. Equity Power Buffer ETF – January by 1,235.6% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,623,085 shares of the company’s stock valued at $76,317,000 after buying an additional 1,501,558 shares during the last quarter. Brookstone Capital Management lifted its stake in Innovator U.S. Equity Power Buffer ETF – January by 522.9% in the first quarter. Brookstone Capital Management now owns 758,887 shares of the company’s stock valued at $35,007,000 after buying an additional 637,054 shares during the last quarter. Focus Partners Wealth lifted its stake in Innovator U.S. Equity Power Buffer ETF – January by 1,350.9% in the fourth quarter. Focus Partners Wealth now owns 499,828 shares of the company’s stock valued at $23,502,000 after buying an additional 465,378 shares during the last quarter. Mutual Advisors LLC lifted its stake in Innovator U.S. Equity Power Buffer ETF – January by 1,281.2% in the third quarter. Mutual Advisors LLC now owns 432,054 shares of the company’s stock valued at $19,887,000 after buying an additional 400,773 shares during the last quarter. Finally, Compass Advisory Group LLC lifted its stake in Innovator U.S. Equity Power Buffer ETF – January by 442.7% in the first quarter. Compass Advisory Group LLC now owns 370,574 shares of the company’s stock valued at $17,095,000 after buying an additional 302,287 shares during the last quarter.

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

The Innovator U.S. Equity Power Buffer ETF – January (PJAN) 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. PJAN was launched on Jan 2, 2019 and is managed by Innovator.