Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) Shares Down 0.4% – Should You Sell?

Innovator S&P Investment Grade Preferred ETF (BATS:EPRF) shares dropped 0.4% during mid-day trading on Monday . The stock traded as low as $16.52 and last traded at $16.60. Approximately 16,402 shares changed hands during mid-day trading, an increase of 35% from the average session volume of 12,161 shares. The stock had previously closed at $16.67.

Innovator S&P Investment Grade Preferred ETF Trading Down 0.6%

The stock has a fifty day moving average price of $16.63 and a two-hundred day moving average price of $16.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in EPRF. Royal Bank of Canada boosted its stake in shares of Innovator S&P Investment Grade Preferred ETF by 61.5% in the first quarter. Royal Bank of Canada now owns 866,916 shares of the company’s stock valued at $14,382,000 after buying an additional 330,002 shares during the period. Jane Street Group LLC bought a new stake in shares of Innovator S&P Investment Grade Preferred ETF during the 2nd quarter valued at $670,000. Citadel Advisors LLC acquired a new stake in shares of Innovator S&P Investment Grade Preferred ETF during the 3rd quarter worth $446,000. AlphaCore Capital LLC bought a new position in shares of Innovator S&P Investment Grade Preferred ETF in the fourth quarter worth $413,000. Finally, HRT Financial LP bought a new position in shares of Innovator S&P Investment Grade Preferred ETF in the fourth quarter worth $198,000.

Innovator S&P Investment Grade Preferred ETF Company Profile

The Innovator S&P Investment Grade Preferred ETF (EPRF) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks an index composed of U.S.-listed, investment grade, fixed-rate preferred issues, with a modified equal weighting. EPRF was launched on May 24, 2016 and is managed by Innovator.