Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) Trading Up 0.1% – Should You Buy?

Shares of Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) shot up 0.1% on Friday . The company traded as high as $17.19 and last traded at $17.11. 4,825 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 14,179 shares. The stock had previously closed at $17.09.

Innovator S&P Investment Grade Preferred ETF Stock Up 0.1%

The company has a fifty day moving average of $17.03 and a two-hundred day moving average of $17.53.

Innovator S&P Investment Grade Preferred ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Monday, March 2nd. Investors of record on Friday, February 27th were paid a $0.085 dividend. The ex-dividend date was Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 6.0%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. HRT Financial LP bought a new stake in Innovator S&P Investment Grade Preferred ETF during the fourth quarter valued at about $198,000. FORM Wealth Advisors LLC bought a new position in shares of Innovator S&P Investment Grade Preferred ETF in the fourth quarter worth about $235,000. Susquehanna International Group LLP lifted its position 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 last quarter. AlphaCore Capital LLC bought a new stake in Innovator S&P Investment Grade Preferred ETF during the 4th quarter valued at approximately $413,000. Finally, Citadel Advisors LLC bought a new stake in Innovator S&P Investment Grade Preferred ETF during the 3rd quarter valued at approximately $446,000.

Innovator S&P Investment Grade Preferred ETF Company Profile

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.