Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) Trading Down 0.4% – Here’s What Happened

Shares of Innovator S&P Investment Grade Preferred ETF (BATS:EPRF – Get Free Report) fell 0.4% during mid-day trading on Wednesday . The company traded as low as $16.58 and last traded at $16.60. Approximately 15,735 shares were traded during trading, an increase of 25% from the average session volume of 12,551 shares. The stock had previously closed at $16.67.

Innovator S&P Investment Grade Preferred ETF Stock Performance

The business has a 50 day moving average of $16.73 and a two-hundred day moving average of $17.08.

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Institutional Trading of Innovator S&P Investment Grade Preferred ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its holdings in Innovator S&P Investment Grade Preferred ETF by 29.3% during the first quarter. Royal Bank of Canada now owns 527,526 shares of the company’s stock worth $9,319,000 after acquiring an additional 119,504 shares during the period. Raymond James Financial Inc. increased its position in shares of Innovator S&P Investment Grade Preferred ETF by 3.7% during the 2nd quarter. Raymond James Financial Inc. now owns 72,435 shares of the company’s stock valued at $1,277,000 after purchasing an additional 2,553 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Innovator S&P Investment Grade Preferred ETF during the 2nd quarter valued at $670,000. Citadel Advisors LLC bought a new stake in shares of Innovator S&P Investment Grade Preferred ETF during the 3rd quarter worth $446,000. Finally, Susquehanna International Group LLP raised its stake in shares of Innovator S&P Investment Grade Preferred ETF by 4.1% during the 3rd quarter. Susquehanna International Group LLP now owns 20,495 shares of the company’s stock worth $375,000 after purchasing an additional 805 shares during the period.

About Innovator S&P Investment Grade Preferred ETF

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The Innovator S&P Investment Grade Preferred ETF (EPRF) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index composed of U.S.-listed, investment grade, fixed-rate preferred issues, with a modified equal weighting. EPRF was launched on May 24, 2016 and is managed by Innovator.

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