Innovator U.S. Equity Power Buffer ETF – March (BATS:PMAR) Reaches New 12-Month High – Time to Buy?

Innovator U.S. Equity Power Buffer ETF – March (BATS:PMAR)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $48.15 and last traded at $48.11, with a volume of 584 shares trading hands. The stock had previously closed at $48.03.

Innovator U.S. Equity Power Buffer ETF – March Trading Up 0.2%

The stock has a market capitalization of $761.58 million, a price-to-earnings ratio of 25.08 and a beta of 0.40. The firm’s fifty day moving average price is $47.57 and its 200 day moving average price is $46.16.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PMAR. Focus Partners Wealth lifted its holdings in Innovator U.S. Equity Power Buffer ETF – March by 90.5% during the 4th quarter. Focus Partners Wealth now owns 575,120 shares of the company’s stock worth $25,847,000 after buying an additional 273,245 shares in the last quarter. Cornerstone Wealth LLC TN purchased a new stake in shares of Innovator U.S. Equity Power Buffer ETF – March during the first quarter worth $4,348,000. Hardworking Capital Advisors LLC purchased a new stake in shares of Innovator U.S. Equity Power Buffer ETF – March during the fourth quarter worth $3,943,000. Kestra Advisory Services LLC raised its stake in shares of Innovator U.S. Equity Power Buffer ETF – March by 40.5% in the first quarter. Kestra Advisory Services LLC now owns 255,499 shares of the company’s stock valued at $11,400,000 after acquiring an additional 73,627 shares in the last quarter. Finally, Diversify Wealth Management LLC acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – March in the first quarter valued at $3,316,000.

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

The Innovator S&P 500 Power Buffer ETF – March (PMAR) 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. PMAR was launched on Mar 2, 2020 and is managed by Innovator.