Innovator U.S. Equity Power Buffer ETF – March (BATS:PMAR) Hits New 12-Month High – Should You Buy?

Innovator U.S. Equity Power Buffer ETF – March (BATS:PMAR) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $47.36 and last traded at $47.25, with a volume of 17832 shares. The stock had previously closed at $47.25.

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

The firm has a market capitalization of $748.92 million, a PE ratio of 25.08 and a beta of 0.40. The business’s 50-day moving average price is $45.72 and its 200-day moving average price is $45.15.

Hedge Funds Weigh In On Innovator U.S. Equity Power Buffer ETF – March

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Penserra Capital Management LLC grew its position in Innovator U.S. Equity Power Buffer ETF – March by 1.7% in the 3rd quarter. Penserra Capital Management LLC now owns 1,408,582 shares of the company’s stock valued at $61,850,000 after buying an additional 23,015 shares during the last quarter. Focus Partners Wealth grew its position in Innovator U.S. Equity Power Buffer ETF – March by 90.5% in the 4th quarter. Focus Partners Wealth now owns 575,120 shares of the company’s stock valued at $25,847,000 after buying an additional 273,245 shares during the last quarter. Raymond James Financial Inc. grew its position in Innovator U.S. Equity Power Buffer ETF – March by 2.0% in the 2nd quarter. Raymond James Financial Inc. now owns 288,179 shares of the company’s stock valued at $12,170,000 after buying an additional 5,669 shares during the last quarter. Cetera Investment Advisers grew its position in Innovator U.S. Equity Power Buffer ETF – March by 1.4% in the 1st quarter. Cetera Investment Advisers now owns 259,671 shares of the company’s stock valued at $11,587,000 after buying an additional 3,535 shares during the last quarter. Finally, Kestra Advisory Services LLC grew its position in Innovator U.S. Equity Power Buffer ETF – March by 40.5% in the 1st quarter. Kestra Advisory Services LLC now owns 255,499 shares of the company’s stock valued at $11,400,000 after buying an additional 73,627 shares during the last quarter.

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

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.