Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Sets New 52-Week High – Time to Buy?

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $41.06 and last traded at $41.03, with a volume of 98569 shares traded. The stock had previously closed at $40.94.

Innovator U.S. Equity Power Buffer ETF – May Stock Performance

The firm’s 50-day simple moving average is $40.21 and its 200 day simple moving average is $39.75. The company has a market cap of $689.53 million, a P/E ratio of 23.79 and a beta of 0.44.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in Innovator U.S. Equity Power Buffer ETF – May by 28.9% during the second quarter. JPMorgan Chase & Co. now owns 13,112 shares of the company’s stock worth $495,000 after buying an additional 2,940 shares during the last quarter. Cresset Asset Management LLC bought a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May in the 2nd quarter valued at about $406,000. Cerity Partners LLC increased its stake in shares of Innovator U.S. Equity Power Buffer ETF – May by 20.9% in the 2nd quarter. Cerity Partners LLC now owns 18,500 shares of the company’s stock valued at $699,000 after acquiring an additional 3,200 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of Innovator U.S. Equity Power Buffer ETF – May by 52.2% in the 2nd quarter. NewEdge Advisors LLC now owns 15,123 shares of the company’s stock valued at $571,000 after acquiring an additional 5,188 shares during the period. Finally, Alliancebernstein L.P. raised its position in shares of Innovator U.S. Equity Power Buffer ETF – May by 28.2% in the 2nd quarter. Alliancebernstein L.P. now owns 3,546,015 shares of the company’s stock valued at $133,998,000 after acquiring an additional 779,446 shares during the period.

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

The Innovator S&P 500 Power Buffer ETF – May (PMAY) 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. PMAY was launched on May 1, 2020 and is managed by Innovator.