Innovator U.S. Equity Power Buffer ETF – December (BATS:PDEC) Hits New 12-Month High – Still a Buy?

Innovator U.S. Equity Power Buffer ETF – December (BATS:PDEC) reached a new 52-week high on Monday . The stock traded as high as $46.06 and last traded at $45.89, with a volume of 14425 shares changing hands. The stock had previously closed at $45.60.

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

The business has a 50-day simple moving average of $45.18 and a 200 day simple moving average of $43.98. The firm has a market cap of $1.22 billion, a PE ratio of 24.83 and a beta of 0.48.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PDEC. Focus Partners Wealth raised its stake in shares of Innovator U.S. Equity Power Buffer ETF – December by 4,413.2% in the fourth quarter. Focus Partners Wealth now owns 1,112,771 shares of the company’s stock valued at $48,272,000 after acquiring an additional 1,088,115 shares during the period. Brookstone Capital Management grew its position in Innovator U.S. Equity Power Buffer ETF – December by 412.0% in the 4th quarter. Brookstone Capital Management now owns 840,921 shares of the company’s stock valued at $36,479,000 after acquiring an additional 676,677 shares during the last quarter. Susquehanna International Group LLP lifted its position in shares of Innovator U.S. Equity Power Buffer ETF – December by 3,514.8% during the third quarter. Susquehanna International Group LLP now owns 404,564 shares of the company’s stock worth $17,000,000 after purchasing an additional 393,372 shares during the last quarter. Caprock Group LLC purchased a new stake in shares of Innovator U.S. Equity Power Buffer ETF – December during the fourth quarter valued at $11,269,000. Finally, Pathstone Holdings LLC bought a new position in shares of Innovator U.S. Equity Power Buffer ETF – December in the third quarter worth about $9,266,000.

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

The Innovator U.S. Equity Power Buffer ETF – December (PDEC) 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. PDEC was launched on Dec 2, 2019 and is managed by Innovator.