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

Shares of Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEPGet Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $46.03 and last traded at $46.03, with a volume of 4384 shares trading hands. The stock had previously closed at $45.93.

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

The business’s 50 day moving average is $45.59 and its 200 day moving average is $44.42. The company has a market cap of $821.99 million, a P/E ratio of 25.05 and a beta of 0.48.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in PSEP. Northwestern Mutual Wealth Management Co. purchased a new position in Innovator U.S. Equity Power Buffer ETF – September in the third quarter valued at about $29,000. Key Capital Management INC bought a new stake in shares of Innovator U.S. Equity Power Buffer ETF – September in the 4th quarter valued at about $46,000. Barclays PLC bought a new stake in shares of Innovator U.S. Equity Power Buffer ETF – September in the 4th quarter valued at about $64,000. EverSource Wealth Advisors LLC grew its position in shares of Innovator U.S. Equity Power Buffer ETF – September by 53.7% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 1,549 shares of the company’s stock worth $67,000 after buying an additional 541 shares during the last quarter. Finally, Elevated Capital Advisors LLC purchased a new position in shares of Innovator U.S. Equity Power Buffer ETF – September in the 4th quarter worth approximately $83,000.

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

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The Innovator S&P 500 Power Buffer ETF – September (PSEP) 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. PSEP was launched on Sep 3, 2019 and is managed by Innovator.

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