FT Vest U.S. Equity Buffer ETF – March (BATS:FMAR) Reaches New 1-Year High – Here’s Why

FT Vest U.S. Equity Buffer ETF – March (BATS:FMAR) shares hit a new 52-week high during trading on Friday . The company traded as high as $52.69 and last traded at $52.69, with a volume of 8101 shares trading hands. The stock had previously closed at $52.47.

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

The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 23.86 and a beta of 0.59. The company’s 50 day simple moving average is $52.21 and its two-hundred day simple moving average is $50.15.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp purchased a new stake in shares of FT Vest U.S. Equity Buffer ETF – March during the fourth quarter worth $39,000. Darwin Wealth Management LLC purchased a new position in FT Vest U.S. Equity Buffer ETF – March in the second quarter valued at about $53,000. Geneos Wealth Management Inc. grew its stake in FT Vest U.S. Equity Buffer ETF – March by 68.7% in the second quarter. Geneos Wealth Management Inc. now owns 2,284 shares of the company’s stock valued at $102,000 after purchasing an additional 930 shares in the last quarter. IFP Advisors Inc increased its position in FT Vest U.S. Equity Buffer ETF – March by 14.7% in the 4th quarter. IFP Advisors Inc now owns 3,483 shares of the company’s stock worth $165,000 after purchasing an additional 446 shares during the last quarter. Finally, Parallel Advisors LLC acquired a new position in FT Vest U.S. Equity Buffer ETF – March in the 1st quarter worth about $172,000.

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

The FT Cboe Vest U.S. Equity Buffer ETF – March (FMAR) 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. FMAR was launched on Mar 19, 2021 and is managed by First Trust.