IMG Wealth Management Inc. acquired a new stake in Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR – Free Report) in the 4th quarter, HoldingsChannel reports. The fund acquired 23,017 shares of the company’s stock, valued at approximately $789,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Innovator Nasdaq-100 Managed Floor ETF in the 3rd quarter valued at about $39,000. Advisory Services Network LLC acquired a new position in shares of Innovator Nasdaq-100 Managed Floor ETF in the 3rd quarter valued at about $133,000. Truist Financial Corp acquired a new position in shares of Innovator Nasdaq-100 Managed Floor ETF in the 4th quarter valued at about $201,000. Concurrent Investment Advisors LLC acquired a new position in shares of Innovator Nasdaq-100 Managed Floor ETF in the 4th quarter valued at about $206,000. Finally, Capital Investment Advisory Services LLC lifted its holdings in shares of Innovator Nasdaq-100 Managed Floor ETF by 6.3% in the 4th quarter. Capital Investment Advisory Services LLC now owns 6,644 shares of the company’s stock valued at $228,000 after buying an additional 396 shares during the period.
Innovator Nasdaq-100 Managed Floor ETF Stock Down 0.7%
Shares of QFLR stock opened at $35.70 on Friday. The stock has a market cap of $512.30 million, a PE ratio of 32.95 and a beta of 0.72. The business has a 50-day simple moving average of $34.44 and a 200-day simple moving average of $34.42. Innovator Nasdaq-100 Managed Floor ETF has a 52-week low of $27.84 and a 52-week high of $36.90.
Innovator Nasdaq-100 Managed Floor ETF Profile
The Innovator Nasdaq-100 Managed Floor ETF (QFLR) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide capital appreciation by holding a portfolio representative of the NASDAQ-100, while hedging the downside risk using a laddered options strategy. The fund utilizes four, one-year FLEX options packages with staggered 3-month expiration dates to target a maximum loss of approximately 10% on a rolling 12-month basis. QFLR was launched on Jan 25, 2024 and is issued by Innovator.
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