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flag In Q2 2025, institutional investors increased stakes in Innovator ETFs focused on downside protection.

flag In Q2 2025, several institutional investors adjusted their positions in Innovator ETFs. flag AssuredPartners reduced its stake in the KJAN small-cap buffer ETF, while Wealth Enhancement increased its holdings. flag Sagespring Wealth Partners bought shares of the new ZFEB one-year buffer ETF and slightly increased its position in the PJAN S&P 500 buffer ETF. flag Raymond James also boosted its PJAN holdings. flag These moves reflect ongoing interest in ETFs offering downside protection and capped upside gains.

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