Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV) Shares Break Above 50 Day Moving Average – Should You Sell?

Shares of Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV) crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $45.73 and traded as high as $45.89. Innovator U.S. Equity Power Buffer ETF – November shares last traded at $45.77, with a volume of 131,960 shares traded.

Innovator U.S. Equity Power Buffer ETF – November Trading Up 0.6%

The company’s 50 day moving average is $45.73 and its 200-day moving average is $43.93. The company has a market capitalization of $821.57 million, a P/E ratio of 24.05 and a beta of 0.52.

Hedge Funds Weigh In On Innovator U.S. Equity Power Buffer ETF – November

Several hedge funds and other institutional investors have recently modified their holdings of the company. Weaver Consulting Group lifted its holdings in shares of Innovator U.S. Equity Power Buffer ETF – November by 4.5% during the 3rd quarter. Weaver Consulting Group now owns 7,221 shares of the company’s stock valued at $329,000 after buying an additional 309 shares during the period. Ashton Thomas Private Wealth LLC grew its holdings in shares of Innovator U.S. Equity Power Buffer ETF – November by 29.5% in the third quarter. Ashton Thomas Private Wealth LLC now owns 5,269 shares of the company’s stock worth $240,000 after acquiring an additional 1,200 shares during the period. Arkadios Wealth Advisors increased its position in Innovator U.S. Equity Power Buffer ETF – November by 4.3% during the first quarter. Arkadios Wealth Advisors now owns 33,537 shares of the company’s stock valued at $1,370,000 after acquiring an additional 1,376 shares during the last quarter. BFI Wealth Solutions LLC increased its position in Innovator U.S. Equity Power Buffer ETF – November by 12.7% during the third quarter. BFI Wealth Solutions LLC now owns 22,556 shares of the company’s stock valued at $1,029,000 after acquiring an additional 2,550 shares during the last quarter. Finally, Goldstein Advisors LLC increased its position in Innovator U.S. Equity Power Buffer ETF – November by 31.1% during the third quarter. Goldstein Advisors LLC now owns 11,633 shares of the company’s stock valued at $531,000 after acquiring an additional 2,762 shares during the last quarter.

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

The Innovator U.S. Equity Power Buffer ETF – November (PNOV) 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. PNOV was launched on Nov 1, 2019 and is managed by Innovator.