Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Reaches New 12-Month High – Here’s What Happened

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) shares reached a new 52-week high on Wednesday . The company traded as high as $40.77 and last traded at $40.73, with a volume of 15109 shares traded. The stock had previously closed at $40.47.

Innovator U.S. Equity Power Buffer ETF – May Stock Up 0.4%

The stock has a market capitalization of $689.53 million, a price-to-earnings ratio of 23.79 and a beta of 0.44. The firm has a fifty day moving average of $40.10 and a 200-day moving average of $39.68.

Hedge Funds Weigh In On Innovator U.S. Equity Power Buffer ETF – May

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. raised its position in shares of Innovator U.S. Equity Power Buffer ETF – May by 28.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,112 shares of the company’s stock worth $495,000 after purchasing an additional 2,940 shares during the last quarter. Cresset Asset Management LLC acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May during the second quarter valued at $406,000. Cerity Partners LLC increased its position in Innovator U.S. Equity Power Buffer ETF – May by 20.9% during the 2nd quarter. Cerity Partners LLC now owns 18,500 shares of the company’s stock worth $699,000 after purchasing an additional 3,200 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Innovator U.S. Equity Power Buffer ETF – May by 52.2% in the 2nd quarter. NewEdge Advisors LLC now owns 15,123 shares of the company’s stock valued at $571,000 after purchasing an additional 5,188 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in shares of Innovator U.S. Equity Power Buffer ETF – May by 28.2% during the 2nd quarter. Alliancebernstein L.P. now owns 3,546,015 shares of the company’s stock worth $133,998,000 after purchasing an additional 779,446 shares during the last quarter.

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.