Sovran Advisors LLC Buys Shares of 256,527 Innovator U.S. Equity Ultra Buffer ETF – December (BATS:UDEC)

Sovran Advisors LLC bought a new stake in Innovator U.S. Equity Ultra Buffer ETF – December (BATS:UDEC) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 256,527 shares of the company’s stock, valued at approximately $8,971,000. Innovator U.S. Equity Ultra Buffer ETF – December accounts for approximately 1.3% of Sovran Advisors LLC’s portfolio, making the stock its 14th biggest position. Sovran Advisors LLC owned approximately 9.57% of Innovator U.S. Equity Ultra Buffer ETF – December at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of UDEC. Sugarloaf Wealth Management LLC raised its stake in shares of Innovator U.S. Equity Ultra Buffer ETF – December by 14.3% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 4,400 shares of the company’s stock worth $154,000 after buying an additional 550 shares during the period. Wealth Enhancement Advisory Services LLC bought a new position in shares of Innovator U.S. Equity Ultra Buffer ETF – December in the third quarter worth about $200,000. Foundations Investment Advisors LLC bought a new position in shares of Innovator U.S. Equity Ultra Buffer ETF – December in the fourth quarter worth about $223,000. Cornerstone Wealth Group LLC bought a new position in shares of Innovator U.S. Equity Ultra Buffer ETF – December in the fourth quarter worth about $235,000. Finally, Accurate Wealth Management LLC bought a new position in shares of Innovator U.S. Equity Ultra Buffer ETF – December in the fourth quarter worth about $236,000.

Innovator U.S. Equity Ultra Buffer ETF – December Price Performance

BATS UDEC opened at $35.73 on Tuesday. The stock has a 50 day moving average of $35.44 and a 200-day moving average of $35.09. The company has a market capitalization of $95.76 million, a P/E ratio of 23.98 and a beta of 0.63.

Innovator U.S. Equity Ultra Buffer ETF – December Company Profile

The Innovator S&P 500 Ultra Buffer ETF – December (UDEC) 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. UDEC was launched on Dec 2, 2019 and is managed by Innovator.