Innovator U.S. Equity Power Buffer ETF – December (BATS:PDEC) Reaches New 52-Week High – Still a Buy?

Innovator U.S. Equity Power Buffer ETF – December (BATS:PDEC) reached a new 52-week high on Monday . The company traded as high as $46.86 and last traded at $46.86, with a volume of 1896 shares trading hands. The stock had previously closed at $46.81.

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

The stock has a 50 day simple moving average of $45.93 and a 200 day simple moving average of $44.61. The stock has a market cap of $1.25 billion, a P/E ratio of 24.83 and a beta of 0.48.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Focus Partners Wealth raised its position in Innovator U.S. Equity Power Buffer ETF – December by 4,413.2% during the fourth quarter. Focus Partners Wealth now owns 1,112,771 shares of the company’s stock valued at $48,272,000 after purchasing an additional 1,088,115 shares in the last quarter. Blair William & Co. IL raised its stake in Innovator U.S. Equity Power Buffer ETF – December by 1.5% during the fourth quarter. Blair William & Co. IL now owns 755,492 shares of the company’s stock worth $32,773,000 after acquiring an additional 10,935 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of Innovator U.S. Equity Power Buffer ETF – December by 12.0% during the fourth quarter. Commonwealth Equity Services LLC now owns 661,697 shares of the company’s stock worth $28,704,000 after buying an additional 70,857 shares in the last quarter. LPL Financial LLC grew its position in Innovator U.S. Equity Power Buffer ETF – December by 17.4% during the 4th quarter. LPL Financial LLC now owns 628,763 shares of the company’s stock worth $27,276,000 after acquiring an additional 93,140 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in Innovator U.S. Equity Power Buffer ETF – December by 3.7% in the 4th quarter. HighTower Advisors LLC now owns 520,988 shares of the company’s stock worth $22,600,000 after purchasing an additional 18,365 shares in the last quarter.

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.