D.B. Root & Company LLC Has $5.87 Million Stock Position in Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP)

D.B. Root & Company LLC increased its stake in Innovator Buffer Step-Up Strategy ETF (NYSEARCA:BSTP) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 176,772 shares of the company’s stock after acquiring an additional 8,395 shares during the period. Innovator Buffer Step-Up Strategy ETF makes up approximately 1.9% of D.B. Root & Company LLC’s investment portfolio, making the stock its 9th biggest position. D.B. Root & Company LLC owned 9.66% of Innovator Buffer Step-Up Strategy ETF worth $5,871,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Barclays PLC purchased a new position in shares of Innovator Buffer Step-Up Strategy ETF during the 3rd quarter worth about $177,000. FSA Advisors Inc. lifted its stake in Innovator Buffer Step-Up Strategy ETF by 8.9% in the third quarter. FSA Advisors Inc. now owns 7,939 shares of the company’s stock worth $260,000 after purchasing an additional 648 shares during the last quarter. Diversify Wealth Management LLC purchased a new position in shares of Innovator Buffer Step-Up Strategy ETF during the third quarter valued at approximately $307,000. HighTower Advisors LLC grew its stake in shares of Innovator Buffer Step-Up Strategy ETF by 8.9% during the third quarter. HighTower Advisors LLC now owns 15,457 shares of the company’s stock valued at $507,000 after buying an additional 1,259 shares during the last quarter. Finally, Merit Financial Group LLC purchased a new stake in shares of Innovator Buffer Step-Up Strategy ETF in the fourth quarter worth approximately $564,000.

Innovator Buffer Step-Up Strategy ETF Stock Performance

Shares of BSTP stock opened at $34.06 on Thursday. The stock has a 50 day moving average price of $33.56 and a 200 day moving average price of $32.65. Innovator Buffer Step-Up Strategy ETF has a 52-week low of $28.82 and a 52-week high of $34.69. The firm has a market capitalization of $62.33 million, a P/E ratio of 24.26 and a beta of 0.68.

About Innovator Buffer Step-Up Strategy ETF

The Innovator Buffer Step-Up Strategy ETF (BSTP) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for exposure to the SPDR S&P 500 ETF Trust (SPY) with buffered losses and gains through the active use of FLEX options, rebalanced monthly. The fund intends to opportunistically reset its portfolio prior to the one-year expiration date of the options.