Innovator U.S. Equity Power Buffer ETF – October (BATS:POCT) Reaches New 1-Year High – Time to Buy?

Innovator U.S. Equity Power Buffer ETF – October (BATS:POCT)’s stock price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $47.49 and last traded at $47.49, with a volume of 634 shares changing hands. The stock had previously closed at $47.33.

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

The stock’s 50-day moving average is $46.50 and its 200-day moving average is $45.22. The stock has a market cap of $950.19 million, a price-to-earnings ratio of 24.14 and a beta of 0.37.

Institutional Investors Weigh In On Innovator U.S. Equity Power Buffer ETF – October

Several hedge funds have recently modified their holdings of POCT. Alliancebernstein L.P. boosted its holdings in shares of Innovator U.S. Equity Power Buffer ETF – October by 10.6% in the 3rd quarter. Alliancebernstein L.P. now owns 1,983,829 shares of the company’s stock valued at $85,503,000 after purchasing an additional 190,348 shares during the last quarter. Cerity Partners LLC grew its stake in Innovator U.S. Equity Power Buffer ETF – October by 36.3% during the 4th quarter. Cerity Partners LLC now owns 1,577,949 shares of the company’s stock valued at $69,304,000 after purchasing an additional 420,361 shares in the last quarter. Osaic Holdings Inc. grew its position in shares of Innovator U.S. Equity Power Buffer ETF – October by 13.1% during the fourth quarter. Osaic Holdings Inc. now owns 795,864 shares of the company’s stock worth $34,954,000 after buying an additional 92,441 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Innovator U.S. Equity Power Buffer ETF – October by 18.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 781,573 shares of the company’s stock worth $34,327,000 after acquiring an additional 122,334 shares in the last quarter. Finally, Allworth Financial LP acquired a new position in Innovator U.S. Equity Power Buffer ETF – October in the fourth quarter worth about $26,678,000.

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

The Innovator S&P 500 Power Buffer ETF – October (POCT) 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. POCT was launched on Oct 1, 2018 and is managed by Innovator.