Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Reaches New 52-Week High – Should You Buy?

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) shares hit a new 52-week high on Thursday . The stock traded as high as $39.42 and last traded at $39.42, with a volume of 6320 shares. The stock had previously closed at $39.39.

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

The firm has a market capitalization of $662.60 million, a P/E ratio of 23.79 and a beta of 0.44. The stock has a 50 day moving average of $39.05 and a 200-day moving average of $38.39.

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

Institutional investors have recently made changes to their positions in the stock. Ameritas Advisory Services LLC purchased a new position in shares of Innovator U.S. Equity Power Buffer ETF – May in the second quarter valued at $27,000. Bernard Wealth Management Corp. grew its holdings in Innovator U.S. Equity Power Buffer ETF – May by 246.8% during the 2nd quarter. Bernard Wealth Management Corp. now owns 4,221 shares of the company’s stock valued at $160,000 after buying an additional 3,004 shares in the last quarter. Keystone Global Partners LLC purchased a new position in Innovator U.S. Equity Power Buffer ETF – May during the 1st quarter valued at about $168,000. Straight Path Wealth Management bought a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May during the third quarter valued at about $203,000. Finally, Grantvest Financial Group LLC purchased a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May in the third quarter worth about $204,000.

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

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.