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

Innovator U.S. Equity Power Buffer ETF – December (BATS:PDEC)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $45.18 and last traded at $45.18, with a volume of 314 shares. The stock had previously closed at $44.84.

Innovator U.S. Equity Power Buffer ETF – December Trading Up 0.6%

The stock has a market cap of $1.20 billion, a P/E ratio of 24.83 and a beta of 0.48. The stock has a 50 day simple moving average of $43.46 and a 200 day simple moving average of $43.26.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. NBC Securities Inc. lifted its position in Innovator U.S. Equity Power Buffer ETF – December by 99.0% during the fourth quarter. NBC Securities Inc. now owns 581 shares of the company’s stock worth $25,000 after purchasing an additional 289 shares during the period. Garton & Associates Financial Advisors LLC bought a new position in Innovator U.S. Equity Power Buffer ETF – December in the 4th quarter valued at about $35,000. Atlantic Private Wealth LLC bought a new position in Innovator U.S. Equity Power Buffer ETF – December in the fourth quarter valued at approximately $38,000. Northwestern Mutual Wealth Management Co. bought a new position in Innovator U.S. Equity Power Buffer ETF – December in the third quarter valued at approximately $37,000. Finally, Key Capital Management INC acquired a new position in Innovator U.S. Equity Power Buffer ETF – December during the fourth quarter valued at approximately $46,000.

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

The Innovator U.S. Equity Power Buffer ETF – December (PDEC) 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. PDEC was launched on Dec 2, 2019 and is managed by Innovator.