FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) Hits New 12-Month High – Still a Buy?

FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $48.88 and last traded at $48.70, with a volume of 16024 shares. The stock had previously closed at $48.71.

FT Vest U.S. Equity Buffer ETF – October Price Performance

The stock has a fifty day moving average price of $48.28 and a two-hundred day moving average price of $46.50. The company has a market cap of $931.63 million, a P/E ratio of 24.45 and a beta of 0.62.

Hedge Funds Weigh In On FT Vest U.S. Equity Buffer ETF – October

Several large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC grew its stake in shares of FT Vest U.S. Equity Buffer ETF – October by 17.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 48,987 shares of the company’s stock worth $2,193,000 after acquiring an additional 7,433 shares in the last quarter. FWG Investments LLC. lifted its position in shares of FT Vest U.S. Equity Buffer ETF – October by 1.1% during the second quarter. FWG Investments LLC. now owns 37,926 shares of the company’s stock valued at $1,698,000 after purchasing an additional 430 shares in the last quarter. LPL Financial LLC boosted its holdings in FT Vest U.S. Equity Buffer ETF – October by 4.0% during the first quarter. LPL Financial LLC now owns 64,323 shares of the company’s stock worth $2,669,000 after purchasing an additional 2,448 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in FT Vest U.S. Equity Buffer ETF – October during the second quarter worth about $524,000. Finally, Harbour Investments Inc. grew its position in FT Vest U.S. Equity Buffer ETF – October by 12.1% in the 2nd quarter. Harbour Investments Inc. now owns 13,323 shares of the company’s stock worth $596,000 after purchasing an additional 1,443 shares in the last quarter.

About FT Vest U.S. Equity Buffer ETF – October

The FT Cboe Vest U.S. Equity Buffer ETF – October (FOCT) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses and capped gains on the SPY over a specific holdings period. The actively-managed fund holds options and collateral. FOCT was launched on Oct 16, 2020 and is managed by First Trust.