Innovator U.S. Equity Power Buffer ETF – December (BATS:PDEC) Hits New 12-Month High – Still a Buy?

Shares of Innovator U.S. Equity Power Buffer ETF – December (BATS:PDEC) hit a new 52-week high on Tuesday . The stock traded as high as $46.00 and last traded at $45.96, with a volume of 2481 shares trading hands. The stock had previously closed at $45.58.

Innovator U.S. Equity Power Buffer ETF – December Trading Down 0.0%

The firm has a 50 day simple moving average of $44.95 and a two-hundred day simple moving average of $43.90. The company has a market capitalization of $1.22 billion, a PE ratio of 24.83 and a beta of 0.48.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. NBC Securities Inc. grew its stake in shares of Innovator U.S. Equity Power Buffer ETF – December by 99.0% in the 4th quarter. NBC Securities Inc. now owns 581 shares of the company’s stock valued at $25,000 after purchasing an additional 289 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in shares of Innovator U.S. Equity Power Buffer ETF – December in the 4th quarter valued at approximately $35,000. Atlantic Private Wealth LLC purchased a new position in shares of Innovator U.S. Equity Power Buffer ETF – December in the 4th quarter valued at approximately $38,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Innovator U.S. Equity Power Buffer ETF – December in the 3rd quarter valued at approximately $37,000. Finally, Key Capital Management INC purchased a new position in shares of Innovator U.S. Equity Power Buffer ETF – December in the 4th quarter valued at approximately $46,000.

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

The Innovator U.S. Equity Power Buffer ETF – December (PDEC) 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. PDEC was launched on Dec 2, 2019 and is managed by Innovator.