
PNOV does not currently pay a dividend.
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This Innovator ETF aims to replicate the performance of the SPDR S&P 500 ETF Trust (SPY), subject to a predetermined maximum gain. Concurrently, it shields investors from the first 15% of any potential losses over its designated outcome period. While the fund can be held for an extended duration, its investment features refresh annually at the close of each outcome period.

Safeguarding against downside risks remains an evergreen strategy for investors this year, with ETFs that offer a "buffer" increasingly in demand.

Investors poured money into the funds, which protected against steep losses.

It may not feel like it, but it was just three years ago that the SEC adopted its new ETF rules, modernizing how the wrapper is regulated. The move had been a long time coming, taking the burgeoning ETF space to new heights.

German insurer Allianz adds ‘defined outcome funds' in U.S. as markets gyrate.