Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Innovator U.S. Equity Power Buffer ETF – November (BATS:PNOV) shares crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $45.73 and traded as high as $45.89. Innovator U.S. Equity Power Buffer ETF – November shares last traded at $45.77, with a volume of 131,960 shares traded.

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

The firm’s 50-day moving average price is $45.74 and its 200-day moving average price is $43.97. The company has a market cap of $819.06 million, a price-to-earnings ratio of 24.05 and a beta of 0.52.

Institutional Trading of Innovator U.S. Equity Power Buffer ETF – November

A number of institutional investors have recently added to or reduced their stakes in PNOV. Brookstone Capital Management purchased a new position in Innovator U.S. Equity Power Buffer ETF – November in the third quarter valued at about $22,469,000. Commonwealth Equity Services LLC acquired a new position in shares of Innovator U.S. Equity Power Buffer ETF – November during the third quarter worth about $12,297,000. HighTower Advisors LLC acquired a new position in shares of Innovator U.S. Equity Power Buffer ETF – November during the third quarter worth about $11,953,000. Lido Advisors LLC acquired a new position in shares of Innovator U.S. Equity Power Buffer ETF – November during the third quarter worth about $9,406,000. Finally, Advisory Alpha LLC purchased a new stake in shares of Innovator U.S. Equity Power Buffer ETF – November in the third quarter worth about $3,271,000.

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

The Innovator U.S. Equity Power Buffer ETF – November (PNOV) 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. PNOV was launched on Nov 1, 2019 and is managed by Innovator.