Foundations Investment Advisors LLC Increases Stock Position in Innovator U.S. Equity Power Buffer ETF – March (BATS:PMAR)

On October 24, 2024, it was reported that Foundations Investment Advisors LLC has raised its position in the Innovator U.S. Equity Power Buffer ETF – March (BATS:PMAR) by 37% during the third quarter. This increase means that the firm now holds 32,849 shares after purchasing 8,874 additional shares. According to the latest filing with the Securities and Exchange Commission (SEC), Foundations Investment Advisors LLC's ownership in this ETF is approximately 0.17%, equating to a value of about $1,289,000.

In addition to Foundations Investment Advisors LLC, other institutional investors have also recently shown interest in the ETF. For example, Triad Wealth Partners LLC bought a new stake in Innovator U.S. Equity Power Buffer ETF – March valued at $36,000 during the second quarter. Similarly, Ashton Thomas Private Wealth LLC and Geneos Wealth Management Inc. acquired new positions in the same period, valued at $42,000 and $105,000 respectively. Hazlett Burt & Watson Inc., already an investor, increased its stake by 67.1% in the second quarter, owning 3,425 shares valued at $129,000 post-purchase. Lastly, Koshinski Asset Management Inc. entered the market by acquiring a new position valued at $207,000 in the first quarter.

Current Market Performance

The Innovator U.S. Equity Power Buffer ETF – March's stock (BATS: PMAR) was trading at $39.42 on Thursday, reflecting a slight decline of 0.3%. The ETF has a market capitalization of $765.93 million and a price-to-earnings ratio of 23.83. Additionally, it has exhibited a beta of 0.44, indicating lower volatility than the market. The stock has shown a 50-day simple moving average of $38.93 and a 200-day average of $37.93, which are useful indicators for potential investors.

More About the Innovator U.S. Equity Power Buffer ETF – March

The Innovator S&P 500 Power Buffer ETF – March (PMAR) is an exchange-traded fund designed to track the S&P 500 Price Return index. This ETF aims to provide specific buffered losses and capped gains over a defined holding period. It actively manages options and collateral to meet its investment objectives. The ETF was launched on March 2, 2020, and has been managed by Innovator since its inception.

Looking Ahead

The interest in the Innovator U.S. Equity Power Buffer ETF from institutional investors highlights growing confidence in this investment vehicle. As more hedge funds and institutional players enter the market, it may result in greater volatility and liquidity for PMAR. Investors may want to keep an eye on further developments and potential shifts in market dynamics, especially as they pertain to the S&P 500 index as a whole.

Investment, Advisors, ETF