Arax Advisory Partners Takes $1.59 Million Position in Innovator Uncapped Accelerated U.S. Equity ETF $XUSP

Arax Advisory Partners purchased a new stake in Innovator Uncapped Accelerated U.S. Equity ETF (BATS:XUSP) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 33,408 shares of the company’s stock, valued at approximately $1,587,000. Arax Advisory Partners owned 3.61% of Innovator Uncapped Accelerated U.S. Equity ETF at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in XUSP. NewCorp Financial Services Inc. purchased a new stake in shares of Innovator Uncapped Accelerated U.S. Equity ETF in the 4th quarter valued at approximately $7,133,000. Farther Finance Advisors LLC grew its stake in shares of Innovator Uncapped Accelerated U.S. Equity ETF by 8.9% in the 4th quarter. Farther Finance Advisors LLC now owns 272,984 shares of the company’s stock valued at $12,966,000 after buying an additional 22,243 shares during the period. Jane Street Group LLC purchased a new stake in shares of Innovator Uncapped Accelerated U.S. Equity ETF in the 1st quarter valued at approximately $744,000. Raymond James Financial Inc. purchased a new stake in shares of Innovator Uncapped Accelerated U.S. Equity ETF in the 2nd quarter valued at approximately $536,000. Finally, Brookstone Capital Management purchased a new stake in shares of Innovator Uncapped Accelerated U.S. Equity ETF in the 4th quarter valued at approximately $219,000.

Innovator Uncapped Accelerated U.S. Equity ETF Price Performance

Innovator Uncapped Accelerated U.S. Equity ETF stock opened at $53.32 on Tuesday. The firm has a 50 day simple moving average of $50.62 and a 200-day simple moving average of $48.40. Innovator Uncapped Accelerated U.S. Equity ETF has a 1-year low of $39.66 and a 1-year high of $54.13. The stock has a market cap of $49.32 million, a price-to-earnings ratio of 23.39 and a beta of 1.21.

Innovator Uncapped Accelerated U.S. Equity ETF Company Profile

The Innovator Uncapped Accelerated U.S. Equity ETF (XUSP) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks to provide the potential to outperform the price return of the SPDR S&P 500 ETF (SPY), after achieving performance thresholds. The fund uses four, one-year FLEX Options packages with laddered 3-month expiration dates. XUSP was launched on Aug 11, 2022 and is managed by Innovator.