Brookstone Capital Management Takes $1.81 Million Position in Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR)

Brookstone Capital Management acquired a new position in shares of Innovator Nasdaq-100 Managed Floor ETF (NYSEARCA:QFLR) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 69,270 shares of the company’s stock, valued at approximately $1,806,000.

Innovator Nasdaq-100 Managed Floor ETF Price Performance

Shares of NYSEARCA:QFLR opened at $27.42 on Friday. The stock has a market cap of $98.71 million, a price-to-earnings ratio of 31.75 and a beta of 1.00. The stock’s 50 day moving average price is $26.47. Innovator Nasdaq-100 Managed Floor ETF has a 12 month low of $24.65 and a 12 month high of $28.57.

About Innovator Nasdaq-100 Managed Floor ETF

The Innovator Nasdaq-100 Managed Floor ETF (QFLR) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide capital appreciation by holding a portfolio representative of the NASDAQ-100, while hedging the downside risk using a laddered options strategy. The fund utilizes four, one-year FLEX options packages with staggered 3-month expiration dates to target a maximum loss of approximately 10% on a rolling 12-month basis.