First Commonwealth Financial Corp PA Grows Holdings in Innovator Equity Managed Floor ETF (NYSEARCA:SFLR)

First Commonwealth Financial Corp PA increased its position in shares of Innovator Equity Managed Floor ETF (NYSEARCA:SFLR) by 55.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 85,149 shares of the company’s stock after purchasing an additional 30,515 shares during the quarter. Innovator Equity Managed Floor ETF makes up about 0.6% of First Commonwealth Financial Corp PA’s holdings, making the stock its 25th biggest position. First Commonwealth Financial Corp PA owned approximately 0.96% of Innovator Equity Managed Floor ETF worth $2,709,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sugarloaf Wealth Management LLC bought a new stake in Innovator Equity Managed Floor ETF in the second quarter worth about $44,000. Worth Asset Management LLC increased its holdings in Innovator Equity Managed Floor ETF by 60.8% during the 2nd quarter. Worth Asset Management LLC now owns 29,314 shares of the company’s stock worth $906,000 after acquiring an additional 11,084 shares during the period. John W. Brooker & Co. CPAs increased its holdings in Innovator Equity Managed Floor ETF by 42.3% during the 2nd quarter. John W. Brooker & Co. CPAs now owns 39,536 shares of the company’s stock worth $1,221,000 after acquiring an additional 11,762 shares during the period. Advisor Resource Council bought a new stake in Innovator Equity Managed Floor ETF during the 2nd quarter worth approximately $422,270,000. Finally, Sequoia Financial Advisors LLC bought a new stake in Innovator Equity Managed Floor ETF during the 2nd quarter worth approximately $414,000.

Innovator Equity Managed Floor ETF Stock Performance

Innovator Equity Managed Floor ETF stock traded up $0.06 during midday trading on Wednesday, reaching $33.23. 7,180 shares of the stock were exchanged, compared to its average volume of 110,333. The company’s fifty day moving average is $32.17 and its 200-day moving average is $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 52 week low of $26.37 and a 52 week high of $34.20.

About Innovator Equity Managed Floor ETF

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.