Pallas Capital Advisors LLC Has $9.11 Million Stock Holdings in Innovator Equity Managed Floor ETF $SFLR

Pallas Capital Advisors LLC increased its holdings in shares of Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) by 96.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 252,727 shares of the company’s stock after acquiring an additional 123,833 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Innovator Equity Managed Floor ETF were worth $9,106,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in SFLR. Jane Street Group LLC boosted its stake in shares of Innovator Equity Managed Floor ETF by 194.5% in the 1st quarter. Jane Street Group LLC now owns 21,193 shares of the company’s stock valued at $665,000 after purchasing an additional 13,997 shares in the last quarter. IFP Advisors Inc bought a new position in Innovator Equity Managed Floor ETF during the second quarter worth about $60,000. Concurrent Investment Advisors LLC bought a new position in Innovator Equity Managed Floor ETF during the 2nd quarter worth approximately $440,000. Axxcess Wealth Management LLC acquired a new position in shares of Innovator Equity Managed Floor ETF in the 2nd quarter valued at $204,000. Finally, Stephens Inc. AR grew its stake in Innovator Equity Managed Floor ETF by 145.5% in the second quarter. Stephens Inc. AR now owns 153,690 shares of the company’s stock valued at $5,159,000 after acquiring an additional 91,088 shares during the period.

Innovator Equity Managed Floor ETF Stock Down 0.2%

Shares of NYSEARCA:SFLR opened at $36.50 on Monday. The company’s fifty day simple moving average is $36.98 and its 200 day simple moving average is $36.21. Innovator Equity Managed Floor ETF has a 12 month low of $29.14 and a 12 month high of $37.55. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 26.45 and a beta of 0.72.

Innovator Equity Managed Floor ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Wednesday, December 31st were paid a $0.0221 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $0.09 dividend on an annualized basis and a yield of 0.2%.

About Innovator Equity Managed Floor ETF

The Innovator Equity Managed Floor ETF (SFLR) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide capital appreciation by holding a portfolio of large-cap US stocks 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. SFLR was launched on Nov 8, 2022 and is managed by Innovator.