Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP) Reaches New 52-Week High – Still a Buy?

Shares of Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $46.80 and last traded at $46.72, with a volume of 2320 shares traded. The stock had previously closed at $46.72.

Innovator U.S. Equity Power Buffer ETF – September Stock Down 0.0%

The company has a market cap of $833.77 million, a P/E ratio of 25.05 and a beta of 0.48. The business has a fifty day moving average price of $46.16 and a 200-day moving average price of $44.99.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Innovator U.S. Equity Power Buffer ETF – September by 159,633.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,070,212 shares of the company’s stock valued at $46,788,000 after buying an additional 1,069,542 shares during the period. Citadel Advisors LLC grew its holdings in shares of Innovator U.S. Equity Power Buffer ETF – September by 7,856.9% during the third quarter. Citadel Advisors LLC now owns 699,094 shares of the company’s stock worth $30,026,000 after purchasing an additional 690,308 shares during the last quarter. Susquehanna International Group LLP raised its stake in shares of Innovator U.S. Equity Power Buffer ETF – September by 2,832.0% during the third quarter. Susquehanna International Group LLP now owns 618,002 shares of the company’s stock valued at $26,543,000 after acquiring an additional 596,924 shares during the last quarter. Lido Advisors LLC bought a new position in Innovator U.S. Equity Power Buffer ETF – September during the 4th quarter worth $24,178,000. Finally, Focus Partners Wealth lifted its stake in shares of Innovator U.S. Equity Power Buffer ETF – September by 431.0% in the fourth quarter. Focus Partners Wealth now owns 401,664 shares of the company’s stock worth $17,560,000 after acquiring an additional 326,021 shares during the period.

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

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.