Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP) Reaches New 12-Month High – Time to Buy?

Innovator U.S. Equity Power Buffer ETF – September (BATS:PSEP) reached a new 52-week high during trading on Thursday . The stock traded as high as $45.63 and last traded at $45.63, with a volume of 6386 shares trading hands. The stock had previously closed at $45.57.

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

The company’s 50 day moving average price is $44.34 and its 200 day moving average price is $43.89. The firm has a market cap of $815.03 million, a PE ratio of 25.05 and a beta of 0.48.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in PSEP. AQR Capital Management LLC boosted its stake in shares of Innovator U.S. Equity Power Buffer ETF – September by 1.8% in the first quarter. AQR Capital Management LLC now owns 15,255 shares of the company’s stock valued at $586,000 after purchasing an additional 275 shares during the period. Creative Planning purchased a new position in Innovator U.S. Equity Power Buffer ETF – September in the second quarter worth approximately $200,000. Cerity Partners LLC lifted its stake in Innovator U.S. Equity Power Buffer ETF – September by 189.2% in the second quarter. Cerity Partners LLC now owns 30,844 shares of the company’s stock worth $1,261,000 after acquiring an additional 20,177 shares during the last quarter. Benjamin Edwards Inc. lifted its stake in Innovator U.S. Equity Power Buffer ETF – September by 9.5% in the second quarter. Benjamin Edwards Inc. now owns 11,479 shares of the company’s stock worth $469,000 after acquiring an additional 1,000 shares during the last quarter. Finally, MML Investors Services LLC lifted its stake in Innovator U.S. Equity Power Buffer ETF – September by 190.6% in the second quarter. MML Investors Services LLC now owns 122,394 shares of the company’s stock worth $5,005,000 after acquiring an additional 80,272 shares during the last quarter.

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

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.