Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP) Reaches New 52-Week High – Still a Buy?

Shares of Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $45.02 and last traded at $45.02, with a volume of 34660 shares. The stock had previously closed at $44.99.

Innovator U.S. Equity Power Buffer ETF – September Trading Down 0.0%

The company has a market capitalization of $802.36 million, a price-to-earnings ratio of 25.05 and a beta of 0.48. The company has a fifty day moving average of $43.87 and a 200-day moving average of $43.64.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Innovator U.S. Equity Power Buffer ETF – September during the 3rd quarter worth approximately $29,000. Geneos Wealth Management Inc. acquired a new position in shares of Innovator U.S. Equity Power Buffer ETF – September during the 3rd quarter worth approximately $46,000. Key Capital Management INC acquired a new position in shares of Innovator U.S. Equity Power Buffer ETF – September during the 4th quarter worth approximately $46,000. Barclays PLC acquired a new position in shares of Innovator U.S. Equity Power Buffer ETF – September during the 4th quarter worth approximately $64,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Innovator U.S. Equity Power Buffer ETF – September by 53.7% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,549 shares of the company’s stock worth $67,000 after purchasing an additional 541 shares during the last quarter.

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

The Innovator S&P 500 Power Buffer ETF – September (PSEP) 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. PSEP was launched on Sep 3, 2019 and is managed by Innovator.