Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Hits New 12-Month High – Time to Buy?

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $41.67 and last traded at $41.63, with a volume of 7013 shares changing hands. The stock had previously closed at $41.55.

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

The company has a market cap of $698.95 million, a P/E ratio of 23.79 and a beta of 0.44. The business has a 50-day moving average of $41.21 and a two-hundred day moving average of $40.39.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Jessup Wealth Management Inc acquired a new position in shares of Innovator U.S. Equity Power Buffer ETF – May in the fourth quarter valued at about $56,000. Fifth Third Bancorp purchased a new stake in Innovator U.S. Equity Power Buffer ETF – May in the first quarter valued at approximately $80,000. Optima Capital LLC purchased a new stake in Innovator U.S. Equity Power Buffer ETF – May in the fourth quarter valued at approximately $107,000. Foundry Financial Group Inc. purchased a new stake in Innovator U.S. Equity Power Buffer ETF – May in the fourth quarter valued at approximately $203,000. Finally, WMS Group LLC acquired a new stake in Innovator U.S. Equity Power Buffer ETF – May during the 4th quarter valued at approximately $238,000.

About Innovator U.S. Equity Power Buffer ETF – May

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.