Innovator U.S. Equity Power Buffer ETF – October (BATS:POCT) Hits New 12-Month High – Still a Buy?

Innovator U.S. Equity Power Buffer ETF – October (BATS:POCT)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $45.84 and last traded at $45.78, with a volume of 37518 shares changing hands. The stock had previously closed at $45.78.

Innovator U.S. Equity Power Buffer ETF – October Price Performance

The business has a fifty day simple moving average of $44.16 and a 200 day simple moving average of $43.92. The firm has a market cap of $919.26 million, a price-to-earnings ratio of 24.14 and a beta of 0.37.

Institutional Trading of Innovator U.S. Equity Power Buffer ETF – October

A number of hedge funds have recently bought and sold shares of POCT. Cerity Partners LLC raised its holdings in Innovator U.S. Equity Power Buffer ETF – October by 0.9% in the 2nd quarter. Cerity Partners LLC now owns 42,599 shares of the company’s stock valued at $1,759,000 after acquiring an additional 378 shares during the last quarter. Benjamin Edwards Inc. acquired a new stake in Innovator U.S. Equity Power Buffer ETF – October in the 2nd quarter valued at about $1,208,000. Financial Network Wealth Advisors LLC raised its holdings in Innovator U.S. Equity Power Buffer ETF – October by 16.1% in the 3rd quarter. Financial Network Wealth Advisors LLC now owns 7,022 shares of the company’s stock valued at $303,000 after acquiring an additional 972 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in Innovator U.S. Equity Power Buffer ETF – October in the 3rd quarter valued at about $351,000. Finally, Sequoia Financial Advisors LLC raised its holdings in Innovator U.S. Equity Power Buffer ETF – October by 4.1% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 6,566 shares of the company’s stock valued at $283,000 after acquiring an additional 256 shares during the last quarter.

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

The Innovator S&P 500 Power Buffer ETF – October (POCT) 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. POCT was launched on Oct 1, 2018 and is managed by Innovator.