Innovator Equity Managed Floor ETF $SFLR Shares Newly Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC acquired a new stake in shares of Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 62,223 shares of the company’s stock, valued at approximately $2,424,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Weaver Capital Management LLC bought a new stake in Innovator Equity Managed Floor ETF during the 3rd quarter worth approximately $78,000. Physician Wealth Advisors Inc. acquired a new stake in Innovator Equity Managed Floor ETF during the 1st quarter worth approximately $96,000. Royal Bank of Canada acquired a new stake in Innovator Equity Managed Floor ETF during the 1st quarter worth approximately $104,000. Fifth Third Bancorp bought a new position in Innovator Equity Managed Floor ETF in the first quarter valued at approximately $137,000. Finally, Sound Income Strategies LLC bought a new position in Innovator Equity Managed Floor ETF in the first quarter valued at approximately $146,000.

Innovator Equity Managed Floor ETF Stock Down 1.0%

Innovator Equity Managed Floor ETF stock opened at $39.15 on Friday. The stock has a market capitalization of $2.26 billion, a PE ratio of 26.45 and a beta of 0.69. Innovator Equity Managed Floor ETF has a twelve month low of $34.69 and a twelve month high of $40.41. The company has a 50 day moving average of $39.14 and a 200-day moving average of $38.40.

Innovator Equity Managed Floor ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Wednesday, September 30th were given a $0.0195 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.08 annualized dividend and a yield of 0.2%. This is a decrease from Innovator Equity Managed Floor ETF’s previous quarterly dividend of $0.0227.

Innovator Equity Managed Floor ETF Profile

The Innovator Equity Managed Floor ETF (SFLR) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide capital appreciation by holding a portfolio of large-cap US stocks while hedging the downside risk using a laddered options strategy. The fund utilizes four, one-year FLEX options packages with staggered 3-month expiration dates to target a maximum loss of approximately 10% on a rolling 12-month basis. SFLR was launched on Nov 8, 2022 and is managed by Innovator.