Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Hits New 1-Year High – Here’s Why

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY)’s share price reached a new 52-week high on Thursday. The company traded as high as $42.65 and last traded at $42.57, with a volume of 11,197 shares trading hands. The stock had previously closed at $42.61.

Innovator U.S. Equity Power Buffer ETF – May Stock Performance

The firm’s 50-day simple moving average is $42.17 and its 200 day simple moving average is $41.34. The stock has a market capitalization of $717.46 million, a P/E ratio of 23.79 and a beta of 0.44.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bullseye Investment Management LLC acquired a new stake in Innovator U.S. Equity Power Buffer ETF – May during the 2nd quarter worth approximately $3,430,000. Schulz Wealth LTD. bought a new stake in Innovator U.S. Equity Power Buffer ETF – May during the 2nd quarter valued at $1,017,000. BFI Wealth Solutions LLC purchased a new position in shares of Innovator U.S. Equity Power Buffer ETF – May during the fourth quarter valued at approximately $1,119,000. Atlantic Private Wealth LLC bought a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May in the 2nd quarter worth $1,958,000. Finally, Citadel Advisors LLC purchased a new stake in Innovator U.S. Equity Power Buffer ETF – May in the 2nd quarter valued at about $799,000.

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

The Innovator S&P 500 Power Buffer ETF – May (PMAY) 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. PMAY was launched on May 1, 2020 and is managed by Innovator.