FT Vest U.S. Equity Buffer ETF – April (BATS:FAPR) Reaches New 1-Year High – Should You Buy?

FT Vest U.S. Equity Buffer ETF – April (BATS:FAPR) reached a new 52-week high on Friday . The company traded as high as $46.49 and last traded at $46.47, with a volume of 2237 shares changing hands. The stock had previously closed at $46.33.

FT Vest U.S. Equity Buffer ETF – April Stock Performance

The business has a 50 day moving average price of $45.30 and a two-hundred day moving average price of $44.68. The company has a market cap of $905.01 million, a P/E ratio of 24.36 and a beta of 0.60.

Institutional Investors Weigh In On FT Vest U.S. Equity Buffer ETF – April

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Gateway Wealth Partners LLC bought a new stake in shares of FT Vest U.S. Equity Buffer ETF – April in the 1st quarter valued at about $343,000. Assetmark Inc. increased its holdings in FT Vest U.S. Equity Buffer ETF – April by 9.5% during the 1st quarter. Assetmark Inc. now owns 316,799 shares of the company’s stock valued at $14,226,000 after purchasing an additional 27,451 shares during the period. Fifth Third Bancorp purchased a new position in FT Vest U.S. Equity Buffer ETF – April during the 1st quarter valued at about $1,296,000. Kestra Advisory Services LLC increased its holdings in FT Vest U.S. Equity Buffer ETF – April by 10.1% during the 1st quarter. Kestra Advisory Services LLC now owns 94,370 shares of the company’s stock valued at $4,238,000 after purchasing an additional 8,674 shares during the period. Finally, SMART Wealth LLC increased its holdings in FT Vest U.S. Equity Buffer ETF – April by 9.2% during the 1st quarter. SMART Wealth LLC now owns 41,672 shares of the company’s stock valued at $1,871,000 after purchasing an additional 3,518 shares during the period.

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

The FT Cboe Vest U.S. Equity Buffer ETF – April (FAPR) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for specific buffered losses and capped gains on the SPY over a specific holding period. The actively-managed fund holds options and collateral. FAPR was launched on Apr 16, 2021 and is managed by First Trust.