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

Innovator U.S. Equity Power Buffer ETF – August (BATS:PAUG) shares reached a new 52-week high on Tuesday . The company traded as high as $45.25 and last traded at $45.25, with a volume of 457 shares trading hands. The stock had previously closed at $45.15.

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

The stock’s fifty day moving average is $43.97 and its two-hundred day moving average is $43.49. The firm has a market capitalization of $878.63 million, a price-to-earnings ratio of 24.79 and a beta of 0.48.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. grew its holdings in Innovator U.S. Equity Power Buffer ETF – August by 28.3% during the 3rd quarter. Alliancebernstein L.P. now owns 3,324,821 shares of the company’s stock worth $141,205,000 after acquiring an additional 733,172 shares in the last quarter. Penserra Capital Management LLC grew its holdings in Innovator U.S. Equity Power Buffer ETF – August by 1.7% during the 3rd quarter. Penserra Capital Management LLC now owns 1,481,872 shares of the company’s stock worth $62,935,000 after acquiring an additional 24,210 shares in the last quarter. Focus Partners Wealth grew its holdings in Innovator U.S. Equity Power Buffer ETF – August by 198.7% during the 4th quarter. Focus Partners Wealth now owns 566,642 shares of the company’s stock worth $24,507,000 after acquiring an additional 376,961 shares in the last quarter. Cresset Asset Management LLC grew its holdings in Innovator U.S. Equity Power Buffer ETF – August by 8.5% during the 3rd quarter. Cresset Asset Management LLC now owns 491,839 shares of the company’s stock worth $20,888,000 after acquiring an additional 38,557 shares in the last quarter. Finally, Blair William & Co. IL grew its holdings in Innovator U.S. Equity Power Buffer ETF – August by 23.8% during the 3rd quarter. Blair William & Co. IL now owns 444,382 shares of the company’s stock worth $18,873,000 after acquiring an additional 85,414 shares in the last quarter.

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

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.