FT Vest U.S. Equity Buffer ETF – March (BATS:FMAR) Reaches New 52-Week High – Still a Buy?

Shares of FT Vest U.S. Equity Buffer ETF – March (BATS:FMAR) hit a new 52-week high on Thursday . The company traded as high as $53.19 and last traded at $53.12, with a volume of 9631 shares. The stock had previously closed at $53.18.

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

The company has a 50-day simple moving average of $52.28 and a 200-day simple moving average of $50.28. The stock has a market cap of $1.06 billion, a PE ratio of 23.86 and a beta of 0.59.

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

A number of large investors have recently made changes to their positions in the stock. Assetmark Inc. lifted its position in shares of FT Vest U.S. Equity Buffer ETF – March by 16.2% during the 4th quarter. Assetmark Inc. now owns 271,438 shares of the company’s stock valued at $12,884,000 after acquiring an additional 37,827 shares during the period. IMC Chicago LLC acquired a new stake in shares of FT Vest U.S. Equity Buffer ETF – March in the 4th quarter worth approximately $562,000. Integrity Alliance LLC. acquired a new stake in shares of FT Vest U.S. Equity Buffer ETF – March in the 4th quarter worth approximately $494,000. Rockefeller Capital Management L.P. increased its stake in FT Vest U.S. Equity Buffer ETF – March by 350.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 104,788 shares of the company’s stock valued at $4,974,000 after purchasing an additional 81,515 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in FT Vest U.S. Equity Buffer ETF – March by 96.2% in the 1st quarter. Cetera Investment Advisers now owns 382,322 shares of the company’s stock valued at $18,539,000 after purchasing an additional 187,478 shares in the last quarter.

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.