Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Sets New 52-Week High – Still a Buy?

Shares of Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAYGet Free Report) hit a new 52-week high on Thursday . The stock traded as high as $42.32 and last traded at $42.3140, with a volume of 3746 shares changing hands. The stock had previously closed at $42.13.

Innovator U.S. Equity Power Buffer ETF – May Trading Up 0.5%

The company has a market capitalization of $712.31 million, a price-to-earnings ratio of 23.79 and a beta of 0.44. The firm’s fifty day simple moving average is $41.68 and its two-hundred day simple moving average is $40.89.

Hedge Funds Weigh In On Innovator U.S. Equity Power Buffer ETF – May

Several large investors have recently modified their holdings of PMAY. Jessup Wealth Management Inc acquired a new stake in Innovator U.S. Equity Power Buffer ETF – May during the 4th quarter worth approximately $56,000. Continuum Advisory LLC acquired a new stake in Innovator U.S. Equity Power Buffer ETF – May in the second quarter valued at $65,000. Fifth Third Bancorp purchased a new stake in Innovator U.S. Equity Power Buffer ETF – May during the first quarter worth approximately $80,000. Foundry Financial Group Inc. purchased a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May during the 4th quarter worth approximately $203,000. Finally, WMS Group LLC acquired a new position in Innovator U.S. Equity Power Buffer ETF – May in the fourth quarter valued at $238,000.

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

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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.

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