Innovator U.S. Equity Power Buffer ETF – July (BATS:PJUL) Reaches New 12-Month High – Still a Buy?

Innovator U.S. Equity Power Buffer ETF – July (BATS:PJUL) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $49.01 and last traded at $48.97, with a volume of 232035 shares trading hands. The stock had previously closed at $48.70.

Innovator U.S. Equity Power Buffer ETF – July Stock Performance

The stock has a market cap of $1.02 billion, a price-to-earnings ratio of 24.44 and a beta of 0.46. The company’s 50 day simple moving average is $48.45 and its two-hundred day simple moving average is $47.27.

Hedge Funds Weigh In On Innovator U.S. Equity Power Buffer ETF – July

Several institutional investors and hedge funds have recently modified their holdings of the stock. Money Concepts Capital Corp increased its stake in shares of Innovator U.S. Equity Power Buffer ETF – July by 1.7% in the fourth quarter. Money Concepts Capital Corp now owns 12,897 shares of the company’s stock worth $599,000 after acquiring an additional 216 shares during the last quarter. Financial Network Wealth Advisors LLC boosted its position in Innovator U.S. Equity Power Buffer ETF – July by 4.3% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 6,185 shares of the company’s stock valued at $287,000 after purchasing an additional 255 shares during the last quarter. Straight Path Wealth Management boosted its position in Innovator U.S. Equity Power Buffer ETF – July by 0.4% during the fourth quarter. Straight Path Wealth Management now owns 69,605 shares of the company’s stock valued at $3,232,000 after purchasing an additional 281 shares during the last quarter. Ausdal Financial Partners Inc. boosted its position in Innovator U.S. Equity Power Buffer ETF – July by 5.7% during the fourth quarter. Ausdal Financial Partners Inc. now owns 5,638 shares of the company’s stock valued at $262,000 after purchasing an additional 306 shares during the last quarter. Finally, Diversify Advisory Services LLC grew its stake in Innovator U.S. Equity Power Buffer ETF – July by 4.6% in the second quarter. Diversify Advisory Services LLC now owns 7,922 shares of the company’s stock valued at $354,000 after purchasing an additional 350 shares in the last quarter.

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

The Innovator S&P 500 Power Buffer ETF — July (PJUL) is an exchange-traded fund that is based on the S&P 500 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. PJUL was launched on Aug 8, 2018 and is managed by Innovator.