Innovator U.S. Equity Power Buffer ETF – January (BATS:PJAN) Hits New 52-Week High – Time to Buy?

Innovator U.S. Equity Power Buffer ETF – January (BATS:PJAN)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $47.01 and last traded at $47.0090, with a volume of 64520 shares trading hands. The stock had previously closed at $46.9378.

Innovator U.S. Equity Power Buffer ETF – January Stock Up 0.3%

The company has a 50-day moving average price of $46.74 and a 200-day moving average price of $45.77. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 24.16 and a beta of 0.47.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of PJAN. AQR Capital Management LLC raised its stake in shares of Innovator U.S. Equity Power Buffer ETF – January by 1.3% during the first quarter. AQR Capital Management LLC now owns 43,545 shares of the company’s stock valued at $1,806,000 after purchasing an additional 541 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Innovator U.S. Equity Power Buffer ETF – January during the 1st quarter worth about $374,000. Farther Finance Advisors LLC lifted its stake in shares of Innovator U.S. Equity Power Buffer ETF – January by 155.9% in the 2nd quarter. Farther Finance Advisors LLC now owns 75,735 shares of the company’s stock worth $3,336,000 after acquiring an additional 46,143 shares during the period. AdvisorNet Financial Inc lifted its stake in shares of Innovator U.S. Equity Power Buffer ETF – January by 5.7% in the 2nd quarter. AdvisorNet Financial Inc now owns 49,122 shares of the company’s stock worth $2,164,000 after acquiring an additional 2,654 shares during the period. Finally, Crown Wealth Group LLC boosted its holdings in shares of Innovator U.S. Equity Power Buffer ETF – January by 10.5% in the second quarter. Crown Wealth Group LLC now owns 28,387 shares of the company’s stock valued at $1,250,000 after acquiring an additional 2,690 shares in the last quarter.

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

The Innovator U.S. Equity Power Buffer ETF – January (PJAN) 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. PJAN was launched on Jan 2, 2019 and is managed by Innovator.