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) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 62,223 shares of the company’s stock, valued at approximately $2,424,000. Sowell Financial Services LLC owned approximately 0.11% of Innovator Equity Managed Floor ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Bank of America Corp DE boosted its position in shares of Innovator Equity Managed Floor ETF by 1.2% during the 1st quarter. Bank of America Corp DE now owns 5,920,303 shares of the company’s stock valued at $209,638,000 after acquiring an additional 71,504 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Innovator Equity Managed Floor ETF by 766.7% during the second quarter. Envestnet Asset Management Inc. now owns 4,914,894 shares of the company’s stock worth $189,617,000 after acquiring an additional 4,347,835 shares during the last quarter. Brookstone Capital Management purchased a new stake in Innovator Equity Managed Floor ETF in the third quarter valued at $31,427,000. Liberty Atlantic Advisors LLC lifted its stake in shares of Innovator Equity Managed Floor ETF by 10.3% in the 3rd quarter. Liberty Atlantic Advisors LLC now owns 752,483 shares of the company’s stock valued at $29,324,000 after purchasing an additional 69,986 shares during the last quarter. Finally, Atticus Wealth Management LLC lifted its position in Innovator Equity Managed Floor ETF by 12.7% in the third quarter. Atticus Wealth Management LLC now owns 726,727 shares of the company’s stock valued at $28,306,000 after buying an additional 82,017 shares during the last quarter.

Innovator Equity Managed Floor ETF Price Performance

Shares of SFLR opened at $38.75 on Friday. The stock has a market cap of $2.23 billion, a PE ratio of 26.45 and a beta of 0.69. The firm has a 50-day simple moving average of $39.16 and a two-hundred day simple moving average of $37.90. Innovator Equity Managed Floor ETF has a 1-year low of $34.69 and a 1-year high of $40.41.

Innovator Equity Managed Floor ETF Cuts Dividend

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

About Innovator Equity Managed Floor ETF

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.