Innovator U.S. Equity Power Buffer ETF – October (BATS:POCT) Reaches New 1-Year High – Time to Buy?

Shares of Innovator U.S. Equity Power Buffer ETF – October (BATS:POCT) hit a new 52-week high during trading on Tuesday . The company traded as high as $46.60 and last traded at $46.57, with a volume of 42589 shares traded. The stock had previously closed at $46.37.

Innovator U.S. Equity Power Buffer ETF – October Trading Up 0.4%

The company has a market cap of $935.13 million, a price-to-earnings ratio of 24.14 and a beta of 0.37. The company has a fifty day moving average price of $46.00 and a two-hundred day moving average price of $44.69.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. MTM Financial Group LLC increased its holdings in Innovator U.S. Equity Power Buffer ETF – October by 0.5% in the 1st quarter. MTM Financial Group LLC now owns 69,222 shares of the company’s stock valued at $2,984,000 after buying an additional 354 shares during the period. Glenmede Trust Co. NA bought a new position in shares of Innovator U.S. Equity Power Buffer ETF – October during the 1st quarter worth about $1,296,000. Wellington Grp LLC bought a new position in shares of Innovator U.S. Equity Power Buffer ETF – October during the 1st quarter worth about $27,000. Cornerstone Wealth LLC TN acquired a new stake in shares of Innovator U.S. Equity Power Buffer ETF – October during the 1st quarter valued at about $8,215,000. Finally, Arkadios Wealth Advisors boosted its position in shares of Innovator U.S. Equity Power Buffer ETF – October by 21.3% during the 1st quarter. Arkadios Wealth Advisors now owns 35,291 shares of the company’s stock valued at $1,521,000 after acquiring an additional 6,187 shares in the last quarter.

About Innovator U.S. Equity Power Buffer ETF – October

The Innovator S&P 500 Power Buffer ETF – October (POCT) 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. POCT was launched on Oct 1, 2018 and is managed by Innovator.