Addison Capital Co Buys New Shares in Innovator Power Buffer Step-Up Strategy ETF $PSTP

Addison Capital Co purchased a new stake in shares of Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 26,616 shares of the company’s stock, valued at approximately $917,000.

Several other hedge funds have also recently made changes to their positions in the business. OFC Financial Planning LLC boosted its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 1.2% during the 4th quarter. OFC Financial Planning LLC now owns 30,607 shares of the company’s stock worth $1,082,000 after buying an additional 359 shares in the last quarter. Capital Investment Advisory Services LLC increased its stake in Innovator Power Buffer Step-Up Strategy ETF by 30.2% in the fourth quarter. Capital Investment Advisory Services LLC now owns 2,296 shares of the company’s stock valued at $81,000 after purchasing an additional 532 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 0.4% during the fourth quarter. HighTower Advisors LLC now owns 219,506 shares of the company’s stock valued at $7,759,000 after purchasing an additional 925 shares during the period. Evolution Wealth Management Inc. boosted its position in shares of Innovator Power Buffer Step-Up Strategy ETF by 2.6% during the 1st quarter. Evolution Wealth Management Inc. now owns 43,392 shares of the company’s stock worth $1,496,000 after purchasing an additional 1,091 shares in the last quarter. Finally, Allworth Financial LP bought a new position in shares of Innovator Power Buffer Step-Up Strategy ETF during the 3rd quarter worth about $49,000.

Innovator Power Buffer Step-Up Strategy ETF Price Performance

Shares of Innovator Power Buffer Step-Up Strategy ETF stock opened at $36.80 on Wednesday. Innovator Power Buffer Step-Up Strategy ETF has a one year low of $33.12 and a one year high of $37.01. The firm has a market capitalization of $132.48 million, a price-to-earnings ratio of 24.87 and a beta of 0.52. The business has a 50-day simple moving average of $36.52 and a 200 day simple moving average of $35.75.

Innovator Power Buffer Step-Up Strategy ETF Company Profile

The Innovator Power Buffer Step-Up Strategy ETF (PSTP) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trus index. The fund aims for buffered losses and gains on the SPDR S&P 500 ETF Trust (SPY) through the active use of FLEX options, which it rebalances monthly. The fund intends to opportunistically reset its portfolio prior to the one-year expiration date of the options. PSTP was launched on Mar 8, 2022 and is managed by Innovator.