FT Vest U.S. Equity Buffer ETF – August (BATS:FAUG) Sets New 1-Year High – Still a Buy?

Shares of FT Vest U.S. Equity Buffer ETF – August (BATS:FAUG) reached a new 52-week high on Tuesday . The stock traded as high as $53.77 and last traded at $53.77, with a volume of 819 shares traded. The stock had previously closed at $53.35.

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

The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 24.22 and a beta of 0.63. The firm has a 50-day moving average price of $52.76 and a two-hundred day moving average price of $52.63.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Semus Wealth Partners LLC acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – August during the third quarter worth about $4,289,000. 1ST Source Bank acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – August during the third quarter worth about $1,635,000. Commonwealth Equity Services LLC boosted its position in shares of FT Vest U.S. Equity Buffer ETF – August by 26.6% during the third quarter. Commonwealth Equity Services LLC now owns 160,107 shares of the company’s stock worth $8,311,000 after buying an additional 33,654 shares during the period. Brookstone Capital Management acquired a new position in FT Vest U.S. Equity Buffer ETF – August during the third quarter valued at approximately $563,000. Finally, Osaic Holdings Inc. boosted its position in FT Vest U.S. Equity Buffer ETF – August by 7.2% during the second quarter. Osaic Holdings Inc. now owns 177,718 shares of the company’s stock valued at $8,617,000 after purchasing an additional 11,904 shares during the last quarter.

FT Vest U.S. Equity Buffer ETF – August Company Profile

The FT Cboe Vest U.S. Equity Buffer ETF – August (FAUG) 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. FAUG was launched on Nov 6, 2019 and is managed by First Trust.