Innovator U.S. Equity Power Buffer ETF – August (BATS:PAUG) Sets New 1-Year High – Still a Buy?

Innovator U.S. Equity Power Buffer ETF – August (BATS:PAUG) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $45.00 and last traded at $45.00, with a volume of 300 shares changing hands. The stock had previously closed at $44.98.

Innovator U.S. Equity Power Buffer ETF – August Stock Performance

The business’s fifty day moving average is $43.66 and its 200-day moving average is $43.34. The firm has a market cap of $873.39 million, a P/E ratio of 24.79 and a beta of 0.48.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PAUG. Alliancebernstein L.P. lifted its position in shares of Innovator U.S. Equity Power Buffer ETF – August by 28.3% in the 3rd quarter. Alliancebernstein L.P. now owns 3,324,821 shares of the company’s stock worth $141,205,000 after purchasing an additional 733,172 shares during the period. Focus Partners Wealth lifted its position in shares of Innovator U.S. Equity Power Buffer ETF – August by 198.7% in the 4th quarter. Focus Partners Wealth now owns 566,642 shares of the company’s stock worth $24,507,000 after purchasing an additional 376,961 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Innovator U.S. Equity Power Buffer ETF – August by 462.9% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 406,712 shares of the company’s stock worth $17,281,000 after purchasing an additional 334,465 shares during the period. Rothschild Wealth LLC acquired a new position in shares of Innovator U.S. Equity Power Buffer ETF – August in the 4th quarter worth approximately $7,854,000. Finally, SageView Advisory Group LLC lifted its position in shares of Innovator U.S. Equity Power Buffer ETF – August by 1,416.9% in the 3rd quarter. SageView Advisory Group LLC now owns 186,140 shares of the company’s stock worth $7,905,000 after purchasing an additional 173,869 shares during the period.

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

The Innovator U.S. Equity Power Buffer ETF – August (PAUG) 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. PAUG was launched on Aug 1, 2019 and is managed by Innovator.