Innovator U.S. Equity Power Buffer ETF – August (BATS:PAUG) Reaches New 52-Week High – Should You Buy?

Innovator U.S. Equity Power Buffer ETF – August (BATS:PAUG) shares hit a new 52-week high during trading on Monday . The stock traded as high as $45.74 and last traded at $45.74, with a volume of 2350 shares traded. The stock had previously closed at $45.67.

Innovator U.S. Equity Power Buffer ETF – August Trading Up 0.1%

The company’s fifty day moving average is $45.19 and its two-hundred day moving average is $44.03. The stock has a market cap of $887.16 million, a price-to-earnings ratio of 24.79 and a beta of 0.48.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its stake in Innovator U.S. Equity Power Buffer ETF – August by 28.3% in the third quarter. Alliancebernstein L.P. now owns 3,324,821 shares of the company’s stock valued at $141,205,000 after purchasing an additional 733,172 shares during the last quarter. Focus Partners Wealth boosted its holdings in shares of Innovator U.S. Equity Power Buffer ETF – August by 198.7% in the 4th quarter. Focus Partners Wealth now owns 566,642 shares of the company’s stock valued at $24,507,000 after purchasing an additional 376,961 shares during the last quarter. Rothschild Wealth LLC acquired a new position in shares of Innovator U.S. Equity Power Buffer ETF – August in the 4th quarter valued at $7,854,000. SageView Advisory Group LLC grew its stake in shares of Innovator U.S. Equity Power Buffer ETF – August by 1,416.9% during the 3rd quarter. SageView Advisory Group LLC now owns 186,140 shares of the company’s stock valued at $7,905,000 after buying an additional 173,869 shares during the period. Finally, Cornerstone Wealth LLC TN acquired a new stake in Innovator U.S. Equity Power Buffer ETF – August during the first quarter worth about $6,283,000.

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

The Innovator U.S. Equity Power Buffer ETF – August (PAUG) 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. PAUG was launched on Aug 1, 2019 and is managed by Innovator.