Innovator U.S. Equity Accelerated Plus ETF – April (BATS:XTAP) Trading 0.7% Higher – Here’s Why

Innovator U.S. Equity Accelerated Plus ETF – April (BATS:XTAP) shot up 0.7% during trading on Tuesday . The company traded as high as $33.92 and last traded at $33.92. 120 shares traded hands during trading, The stock had previously closed at $33.70.

Innovator U.S. Equity Accelerated Plus ETF – April Price Performance

The firm has a market capitalization of $7.63 million, a PE ratio of 23.84 and a beta of 0.56. The business has a 50-day simple moving average of $33.45 and a 200-day simple moving average of $32.43.

Institutional Investors Weigh In On Innovator U.S. Equity Accelerated Plus ETF – April

An institutional investor recently bought a new position in Innovator U.S. Equity Accelerated Plus ETF – April stock. Brookstone Capital Management purchased a new position in shares of Innovator U.S. Equity Accelerated Plus ETF – April (BATS:XTAP) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,442 shares of the company’s stock, valued at approximately $342,000. Brookstone Capital Management owned about 4.64% of Innovator U.S. Equity Accelerated Plus ETF – April at the end of the most recent quarter.

Innovator U.S. Equity Accelerated Plus ETF – April Company Profile

The Innovator U.S. Equity Accelerated Plus ETF – April (XTAP) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for 3x upside return of SPY to a cap, with approximately single exposure on the downside, over a one-year outcome period. XTAP was launched on Apr 1, 2021 and is managed by Innovator.