Innovator Growth Accelerated Plus ETF
QTAP
Chicago Board Options Exchange- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 109 N. Hale Street Wheaton IL United States of America 60187
- IPO Date
- Apr 1, 2021
- Website
- innovatoretfs.com
- Similar Companies
- Business
- Innovator Growth-100 Accelerated Plus ETF – April (QTAP) is an exchange-traded fund that seeks to provide triple (3x) the upside return of the Invesco QQQ Trust (QQQ), subject to a predefined cap, with approximately single (1x) exposure to the downside of QQQ over a one-year outcome period from April 1 to March 31 annually; the fund achieves this objective by investing at least 80% of its net assets in FLEX Options referencing QQQ. QTAP resets its outcome period each April, allowing investors to hold it indefinitely while targeting accelerated growth exposure to the Nasdaq-100 Index through QQQ, with a net expense ratio of 0.79% and total net assets of approximately $31.53 million. Launched on April 1, 2021, the ETF operates within the defined outcome ETF category, focusing on large-cap growth stocks via options-based strategies that limit upside potential but offer buffered downside risk relative to leveraged alternatives. The ETF is issued by Innovator ETFs Trust and managed by Innovator Capital Management LLC, a firm founded in 2017 and headquartered in Wheaton, Illinois, which specializes in innovative defined outcome ETFs across growth, buffer, and income strategies. Innovator Capital Management's portfolio includes over 159 ETFs with $28 billion in assets under supervision as of September 30, 2025, targeting retail and institutional investors seeking risk-managed equity exposure primarily in the United States. In a major strategic development announced on December 1, 2025, Goldman Sachs agreed to acquire Innovator Capital Management for approximately $2 billion in a cash-and-stock transaction expected to close in the second quarter of 2026, pending regulatory approval; this deal will integrate QTAP and Innovator's defined outcome ETF suite into Goldman Sachs Asset Management, expanding its offerings to over 215 ETF strategies and $75 billion in assets globally. The acquisition underscores Innovator's leadership in the rapidly growing active ETF segment, particularly outcome-based products using FLEX Options, with no reported recent product launches, partnerships, or reorganizations specific to QTAP beyond its annual outcome period resets.