Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) Hits New 12-Month High – Time to Buy?

by · The Cerbat Gem

Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $41.26 and last traded at $41.23, with a volume of 12713 shares trading hands. The stock had previously closed at $41.17.

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

The company has a 50 day simple moving average of $40.37 and a 200-day simple moving average of $39.85. The stock has a market cap of $694.41 million, a P/E ratio of 23.79 and a beta of 0.44.

Institutional Investors Weigh In On Innovator U.S. Equity Power Buffer ETF – May

Hedge funds have recently added to or reduced their stakes in the company. Jessup Wealth Management Inc bought a new stake in Innovator U.S. Equity Power Buffer ETF – May during the fourth quarter worth about $56,000. Fifth Third Bancorp bought a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May in the 1st quarter worth approximately $80,000. Optima Capital LLC bought a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May in the 4th quarter worth approximately $107,000. Foundry Financial Group Inc. bought a new stake in shares of Innovator U.S. Equity Power Buffer ETF – May in the 4th quarter worth approximately $203,000. Finally, Straight Path Wealth Management bought a new stake in Innovator U.S. Equity Power Buffer ETF – May in the third quarter worth $203,000.

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

(Get Free Report)

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.

Recommended Stories