Innovator U.S. Equity Power Buffer ETF – April (BATS:PAPR) Sets New 52-Week High – Time to Buy?

Shares of Innovator U.S. Equity Power Buffer ETF – April (BATS:PAPR) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $42.14 and last traded at $42.10, with a volume of 37074 shares. The stock had previously closed at $42.01.

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

The company’s 50 day moving average price is $40.91 and its 200-day moving average price is $39.74. The company has a market cap of $953.57 million, a PE ratio of 24.09 and a beta of 0.43.

Institutional Investors Weigh In On Innovator U.S. Equity Power Buffer ETF – April

Several large investors have recently modified their holdings of the stock. Alliancebernstein L.P. increased its stake in shares of Innovator U.S. Equity Power Buffer ETF – April by 0.6% during the 2nd quarter. Alliancebernstein L.P. now owns 2,319,292 shares of the company’s stock worth $86,486,000 after purchasing an additional 14,223 shares during the last quarter. Penserra Capital Management LLC increased its stake in shares of Innovator U.S. Equity Power Buffer ETF – April by 1.7% during the 3rd quarter. Penserra Capital Management LLC now owns 1,577,609 shares of the company’s stock worth $60,517,000 after purchasing an additional 25,775 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Innovator U.S. Equity Power Buffer ETF – April by 20.2% during the 2nd quarter. Raymond James Financial Inc. now owns 403,459 shares of the company’s stock worth $15,045,000 after purchasing an additional 67,796 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Innovator U.S. Equity Power Buffer ETF – April by 4.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 366,391 shares of the company’s stock worth $14,055,000 after purchasing an additional 14,272 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of Innovator U.S. Equity Power Buffer ETF – April by 2.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 303,265 shares of the company’s stock worth $12,070,000 after purchasing an additional 6,138 shares during the last quarter.

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

The Innovator S&P 500 Power Buffer ETF – April New (PAPR) 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. PAPR was launched on Apr 1, 2019 and is managed by Innovator.