Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) Position Boosted by HighTower Advisors LLC

HighTower Advisors LLC increased its position in Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) by 85.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 190,938 shares of the company’s stock after purchasing an additional 88,038 shares during the period. HighTower Advisors LLC owned 6.58% of Innovator Power Buffer Step-Up Strategy ETF worth $6,116,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stegent Equity Advisors Inc. bought a new position in Innovator Power Buffer Step-Up Strategy ETF during the 4th quarter worth approximately $201,000. Wealthgarden F.S. LLC acquired a new stake in shares of Innovator Power Buffer Step-Up Strategy ETF during the 4th quarter valued at approximately $943,000. Atria Wealth Solutions Inc. lifted its stake in Innovator Power Buffer Step-Up Strategy ETF by 22.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 52,634 shares of the company’s stock worth $1,686,000 after purchasing an additional 9,743 shares during the last quarter. OFC Financial Planning LLC acquired a new position in Innovator Power Buffer Step-Up Strategy ETF in the fourth quarter worth $961,000. Finally, KFG Wealth Management LLC increased its stake in Innovator Power Buffer Step-Up Strategy ETF by 5.5% during the fourth quarter. KFG Wealth Management LLC now owns 570,093 shares of the company’s stock valued at $18,260,000 after purchasing an additional 29,578 shares during the last quarter.

Innovator Power Buffer Step-Up Strategy ETF Stock Performance

Innovator Power Buffer Step-Up Strategy ETF stock opened at $31.45 on Wednesday. Innovator Power Buffer Step-Up Strategy ETF has a 1 year low of $28.85 and a 1 year high of $34.00. The firm’s 50-day moving average is $32.26 and its 200-day moving average is $31.95. The company has a market cap of $103.79 million, a P/E ratio of 25.83 and a beta of 0.53.

About Innovator Power Buffer Step-Up Strategy ETF

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.