LifePlan Investment Advisors Inc. Makes New $617,000 Investment in Innovator Equity Managed Floor ETF $SFLR

LifePlan Investment Advisors Inc. acquired a new position in Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 16,001 shares of the company’s stock, valued at approximately $617,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wetzel Investment Advisors Inc. raised its position in shares of Innovator Equity Managed Floor ETF by 12.1% during the 1st quarter. Wetzel Investment Advisors Inc. now owns 489,437 shares of the company’s stock valued at $17,346,000 after acquiring an additional 52,953 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Innovator Equity Managed Floor ETF by 76.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 212,824 shares of the company’s stock worth $7,873,000 after purchasing an additional 92,231 shares during the period. COFG Advisors LLC bought a new stake in Innovator Equity Managed Floor ETF in the fourth quarter valued at about $4,899,000. LPL Financial LLC increased its holdings in Innovator Equity Managed Floor ETF by 16.5% in the fourth quarter. LPL Financial LLC now owns 4,257,434 shares of the company’s stock valued at $156,929,000 after purchasing an additional 601,796 shares during the last quarter. Finally, Intrua Financial LLC acquired a new position in Innovator Equity Managed Floor ETF in the first quarter valued at about $3,675,000.

Innovator Equity Managed Floor ETF Price Performance

Shares of SFLR stock opened at $39.19 on Friday. The stock has a market cap of $2.16 billion, a PE ratio of 26.45 and a beta of 0.69. The stock has a 50-day moving average of $38.71 and a 200-day moving average of $37.66. Innovator Equity Managed Floor ETF has a one year low of $34.69 and a one year high of $40.12.

Innovator Equity Managed Floor ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Tuesday, June 30th were issued a dividend of $0.0227 per share. The ex-dividend date was Tuesday, June 30th. This represents a $0.09 dividend on an annualized basis and a yield of 0.2%.

Innovator Equity Managed Floor ETF Company Profile

The Innovator Equity Managed Floor ETF (SFLR) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide capital appreciation by holding a portfolio of large-cap US stocks while hedging the downside risk using a laddered options strategy. The fund utilizes four, one-year FLEX options packages with staggered 3-month expiration dates to target a maximum loss of approximately 10% on a rolling 12-month basis. SFLR was launched on Nov 8, 2022 and is managed by Innovator.