First Commonwealth Financial Corp PA Acquires 30,515 Shares of Innovator Equity Managed Floor ETF (NYSEARCA:SFLR)

First Commonwealth Financial Corp PA boosted its holdings in Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) by 55.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,149 shares of the company’s stock after acquiring an additional 30,515 shares during the quarter. Innovator Equity Managed Floor ETF accounts for approximately 0.6% of First Commonwealth Financial Corp PA’s holdings, making the stock its 25th largest position. First Commonwealth Financial Corp PA’s holdings in Innovator Equity Managed Floor ETF were worth $2,709,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SFLR. GPS Wealth Strategies Group LLC bought a new position in shares of Innovator Equity Managed Floor ETF during the 2nd quarter valued at $31,000. Sugarloaf Wealth Management LLC bought a new stake in Innovator Equity Managed Floor ETF during the second quarter valued at about $44,000. Private Trust Co. NA raised its holdings in Innovator Equity Managed Floor ETF by 246.8% during the third quarter. Private Trust Co. NA now owns 2,421 shares of the company’s stock valued at $77,000 after acquiring an additional 1,723 shares during the period. Centaurus Financial Inc. bought a new stake in Innovator Equity Managed Floor ETF during the second quarter valued at about $126,000. Finally, Archford Capital Strategies LLC bought a new stake in Innovator Equity Managed Floor ETF during the second quarter valued at about $201,000.

Innovator Equity Managed Floor ETF Stock Up 0.2 %

NYSEARCA:SFLR traded up $0.06 on Wednesday, reaching $33.23. 7,180 shares of the company’s stock traded hands, compared to its average volume of 110,333. The stock has a 50-day simple moving average of $32.17 and a 200-day simple moving average of $31.29. The firm has a market cap of $294.09 million, a PE ratio of 25.92 and a beta of 0.67. Innovator Equity Managed Floor ETF has a 12 month low of $26.37 and a 12 month high of $34.20.

Innovator Equity Managed Floor ETF Profile

The Innovator Equity Managed Floor ETF (SFLR) is an exchange-traded fund that mostly invests in large cap equity. The fund aims to provide capital appreciation by holding a portfolio of large-cap US stocks 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.