Innovator U.S. Equity Power Buffer ETF Hits New 12-Month High

The Innovator U.S. Equity Power Buffer ETF – May (BATS:PMAY) reached a new 12-month high of $39.42 during trading on Wednesday, signaling strong investor interest. The ETF closed at $39.38, with a trading volume of 6,320 shares exchanged, slightly down from its previous close of $39.39. This performance marks a significant milestone for the fund, which has been gaining traction in the market.

Performance Metrics and Market Position

The ETF has demonstrated consistent performance, with a 50-day moving average price of $39.08 and a 200-day moving average of $38.46. With a market capitalization of $663.12 million, the fund has a price-to-earnings ratio of 23.79 and a beta of 0.44, indicating lower volatility compared to the broader market.

Investor interest has surged recently, with several hedge funds adjusting their positions in the ETF. Wealth Enhancement Advisory Services LLC increased its holdings by 239.1% in the second quarter, now owning 170,580 shares valued at $6,456,000. Similarly, Truist Financial Corp boosted its stake by 60.9%, bringing its total to 140,998 shares worth $5,328,000 after acquiring an additional 53,366 shares.

Other significant changes include Valmark Advisers Inc., which raised its stake by 5.8% to 38,296 shares valued at $1,447,000. Additionally, Belpointe Asset Management LLC entered a new position valued at approximately $680,000, while Weaver Consulting Group increased its holdings by 16.3% during the same period.

Understanding the ETF’s Strategy

The Innovator U.S. Equity Power Buffer ETF – May is designed to provide investors with specific buffered losses and capped gains based on the S&P 500 Price Return index. Launched on May 1, 2020, this actively-managed fund utilizes options and collateral to manage risk and returns effectively.

Investors considering the Innovator U.S. Equity Power Buffer ETF – May should evaluate their investment goals and risk tolerance, particularly in the context of current market conditions. As the fund continues to attract institutional interest, its performance will be closely monitored by analysts and investors alike.

In summary, the recent price performance of the Innovator U.S. Equity Power Buffer ETF – May reflects significant market activity and institutional confidence, making it a noteworthy consideration for investors in the current climate.