Innovator U.S. Equity Power Buffer ETF – July (BATS:PJUL) Reaches New 12-Month High – Still a Buy?

Innovator U.S. Equity Power Buffer ETF – July (BATS:PJUL) shares hit a new 52-week high on Wednesday . The company traded as high as $48.40 and last traded at $48.40, with a volume of 2790 shares trading hands. The stock had previously closed at $48.26.

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

The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 24.44 and a beta of 0.46. The business’s 50 day simple moving average is $47.07 and its 200 day simple moving average is $46.62.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Cornerstone Wealth LLC TN acquired a new position in Innovator U.S. Equity Power Buffer ETF – July in the first quarter valued at $1,064,000. Arkadios Wealth Advisors acquired a new position in Innovator U.S. Equity Power Buffer ETF – July in the first quarter valued at $459,000. Talon Private Wealth LLC acquired a new position in Innovator U.S. Equity Power Buffer ETF – July in the first quarter valued at $5,087,000. Independent Financial Group LLC acquired a new position in Innovator U.S. Equity Power Buffer ETF – July in the first quarter valued at $1,064,000. Finally, Vantage Point Financial LLC increased its stake in Innovator U.S. Equity Power Buffer ETF – July by 26.5% in the first quarter. Vantage Point Financial LLC now owns 33,953 shares of the company’s stock valued at $1,561,000 after purchasing an additional 7,105 shares during the period.

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

The Innovator S&P 500 Power Buffer ETF — July (PJUL) is an exchange-traded fund that is based on the S&P 500 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. PJUL was launched on Aug 8, 2018 and is managed by Innovator.