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

FT Vest U.S. Equity Buffer ETF – March (BATS:FMAR) shares hit a new 52-week high during trading on Friday. The stock traded as high as $53.83 and last traded at $53.8240, with a volume of 3435 shares trading hands. The stock had previously closed at $53.65.

FT Vest U.S. Equity Buffer ETF – March Stock Up 0.2%

The firm has a 50 day simple moving average of $53.26 and a two-hundred day simple moving average of $51.89. The stock has a market capitalization of $1.07 billion, a P/E ratio of 23.86 and a beta of 0.59.

Institutional Trading of FT Vest U.S. Equity Buffer ETF – March

Institutional investors and hedge funds have recently modified their holdings of the business. Cetera Investment Advisers boosted its position in FT Vest U.S. Equity Buffer ETF – March by 96.2% during the first quarter. Cetera Investment Advisers now owns 382,322 shares of the company’s stock valued at $18,539,000 after acquiring an additional 187,478 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of 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 during the period. Schulz Wealth LTD. bought a new stake in shares of FT Vest U.S. Equity Buffer ETF – March during the 2nd quarter valued at about $1,991,000. Kestra Advisory Services LLC grew its stake in FT Vest U.S. Equity Buffer ETF – March by 28.4% during the first quarter. Kestra Advisory Services LLC now owns 106,937 shares of the company’s stock worth $5,185,000 after purchasing an additional 23,628 shares during the period. Finally, Assetmark Inc. grew its stake in FT Vest U.S. Equity Buffer ETF – March by 6.7% during the first quarter. Assetmark Inc. now owns 289,680 shares of the company’s stock worth $14,047,000 after purchasing an additional 18,242 shares during the period.

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

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.