FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Hits New 52-Week High – Time to Buy?

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $56.17 and last traded at $56.09, with a volume of 2001 shares. The stock had previously closed at $55.92.

FT Vest U.S. Equity Buffer ETF – May Stock Up 0.3%

The company has a 50-day moving average price of $54.54 and a 200-day moving average price of $53.77. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 23.87 and a beta of 0.57.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Fifth Third Bancorp acquired a new position in FT Vest U.S. Equity Buffer ETF – May during the first quarter worth about $52,000. Beacon Pointe Advisors LLC purchased a new position in FT Vest U.S. Equity Buffer ETF – May during the 4th quarter worth approximately $203,000. HBK Sorce Advisory LLC purchased a new position in FT Vest U.S. Equity Buffer ETF – May during the 4th quarter worth approximately $205,000. Allen Capital Group LLC purchased a new position in FT Vest U.S. Equity Buffer ETF – May during the 1st quarter worth approximately $207,000. Finally, Stonebridge Financial Planning Group LLC acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – May in the third quarter worth $207,000.

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

The FT Cboe Vest U.S. Equity Buffer ETF – May (FMAY) 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. FMAY was launched on May 15, 2020 and is managed by First Trust.