HighTower Advisors LLC Has $6.12 Million Position in Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP)

HighTower Advisors LLC raised its stake in Innovator Power Buffer Step-Up Strategy ETF (NYSEARCA:PSTP) by 85.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 190,938 shares of the company’s stock after purchasing an additional 88,038 shares during the quarter. HighTower Advisors LLC owned approximately 0.07% of Innovator Power Buffer Step-Up Strategy ETF worth $6,116,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PSTP. Stegent Equity Advisors Inc. purchased a new position in shares of Innovator Power Buffer Step-Up Strategy ETF during the 4th quarter valued at $201,000. Wealthgarden F.S. LLC purchased a new position in Innovator Power Buffer Step-Up Strategy ETF in the fourth quarter valued at about $943,000. Atria Wealth Solutions Inc. increased its position in Innovator Power Buffer Step-Up Strategy ETF by 22.7% in the 4th 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 purchased a new stake in shares of Innovator Power Buffer Step-Up Strategy ETF during the 4th quarter worth about $961,000. Finally, KFG Wealth Management LLC lifted its holdings in shares of Innovator Power Buffer Step-Up Strategy ETF by 5.5% during the 4th quarter. KFG Wealth Management LLC now owns 570,093 shares of the company’s stock valued at $18,260,000 after buying an additional 29,578 shares during the last quarter.

Innovator Power Buffer Step-Up Strategy ETF Stock Performance

Shares of NYSEARCA PSTP opened at $31.45 on Wednesday. The stock has a market cap of $103.79 million, a price-to-earnings ratio of 25.83 and a beta of 0.53. The business has a 50 day simple moving average of $32.26 and a 200 day simple moving average of $31.95. Innovator Power Buffer Step-Up Strategy ETF has a 52 week low of $28.85 and a 52 week high of $34.00.

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.