Innovator U.S. Equity Power Buffer ETF – March (BATS:PMAR) Stock Crosses Above 50 Day Moving Average – Should You Sell?

Shares of Innovator U.S. Equity Power Buffer ETF – March (BATS:PMAR) passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $48.96 and traded as high as $49.24. Innovator U.S. Equity Power Buffer ETF – March shares last traded at $49.18, with a volume of 8,195 shares changing hands.

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

The company’s 50 day simple moving average is $48.96 and its 200 day simple moving average is $47.38. The firm has a market cap of $742.76 million, a price-to-earnings ratio of 25.08 and a beta of 0.44.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Advisory Alpha LLC purchased a new stake in Innovator U.S. Equity Power Buffer ETF – March during the 3rd quarter worth about $3,969,000. Benjamin Edwards Inc. acquired a new stake in Innovator U.S. Equity Power Buffer ETF – March in the 3rd quarter valued at about $456,000. HighTower Advisors LLC purchased a new position in shares of Innovator U.S. Equity Power Buffer ETF – March in the 3rd quarter valued at about $7,701,000. Silver Oak Securities Incorporated purchased a new position in shares of Innovator U.S. Equity Power Buffer ETF – March in the 3rd quarter valued at about $544,000. Finally, Harbour Investments Inc. purchased a new position in shares of Innovator U.S. Equity Power Buffer ETF – March in the 3rd quarter valued at about $275,000.

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

The Innovator S&P 500 Power Buffer ETF – March (PMAR) 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. PMAR was launched on Mar 2, 2020 and is managed by Innovator.