Innovator Nasdaq-100 10 Buffer ETF - Quarterly (NASDAQ:QBUF) Share Price Crosses Below 200-Day Moving Average - Here's Why

Key Points

• QBUF shares fell below their 200-day moving average of $30.24, trading as low as $29.92 before last changing hands at $30.11. The ETF was down 1.6% during the session.
• The ETF has a market capitalization of approximately $198.7 million, a beta of 0.28, and a 50-day moving average of $30.77.
• Institutional interest was mixed but generally positive, with several firms initiating or increasing positions; Hollencrest Capital Management remained the largest listed holder with 1.37 million shares.

Innovator Nasdaq-100 10 Buffer ETF - Quarterly (NASDAQ:QBUF - ) shares crossed below its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $30.24 and traded as low as $29.92. Innovator Nasdaq-100 10 Buffer ETF - Quarterly shares last traded at $30.11, with a volume of 35,572 shares.

Innovator Nasdaq-100 10 Buffer ETF - Quarterly Trading Down 1.6%

The firm has a market cap of $198.73 million, a price-to-earnings ratio of 30.14 and a beta of 0.28. The stock has a fifty day moving average price of $30.77 and a 200 day moving average price of $30.24.

Institutional Investors Weigh In On Innovator Nasdaq-100 10 Buffer ETF - Quarterly

A number of large investors have recently added to or reduced their stakes in the stock. Independent Financial Group LLC acquired a new position in Innovator Nasdaq-100 10 Buffer ETF - Quarterly in the 1st quarter valued at $2,020,000. Brookstone Capital Management bought a new position in Innovator Nasdaq-100 10 Buffer ETF - Quarterly in the 3rd quarter worth $1,592,000. Centaurus Financial Inc. lifted its position in Innovator Nasdaq-100 10 Buffer ETF - Quarterly by 14.4% during the 1st quarter. Centaurus Financial Inc. now owns 144,611 shares of the company's stock worth $4,224,000 after acquiring an additional 18,253 shares during the last quarter. Hollencrest Capital Management lifted its position in Innovator Nasdaq-100 10 Buffer ETF - Quarterly by 0.7% during the 1st quarter. Hollencrest Capital Management now owns 1,369,091 shares of the company's stock worth $39,991,000 after acquiring an additional 9,429 shares during the last quarter. Finally, Triumph Capital Management lifted its position in Innovator Nasdaq-100 10 Buffer ETF - Quarterly by 4.7% during the 2nd quarter. Triumph Capital Management now owns 23,057 shares of the company's stock worth $709,000 after acquiring an additional 1,044 shares during the last quarter.

About Innovator Nasdaq-100 10 Buffer ETF - Quarterly

The Innovator Nasdaq-100 10 Buffer ETF Quarterly (QBUF) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to participate in the price movement of the QQQ ETF, up to a cap while buffering the first 10% decline. The fund resets its buffer and cap levels every three months QBUF was launched on Jun 30, 2024 and is issued by Innovator.

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