FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Sets New 1-Year High – Here’s What Happened

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) hit a new 52-week high during trading on Monday . The company traded as high as $51.32 and last traded at $52.6610, with a volume of 10978 shares changing hands. The stock had previously closed at $51.23.

FT Vest U.S. Equity Buffer ETF – May Trading Up 2.7%

The firm has a market cap of $986.25 million, a price-to-earnings ratio of 23.87 and a beta of 0.57. The stock has a fifty day moving average price of $52.03 and a 200 day moving average price of $50.03.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FMAY. Allworth Financial LP increased its holdings in shares of FT Vest U.S. Equity Buffer ETF – May by 79.4% during the 1st quarter. Allworth Financial LP now owns 1,003 shares of the company’s stock valued at $45,000 after acquiring an additional 444 shares during the last quarter. NorthRock Partners LLC acquired a new stake in FT Vest U.S. Equity Buffer ETF – May in the 1st quarter valued at approximately $65,000. Nova Wealth Management Inc. acquired a new stake in FT Vest U.S. Equity Buffer ETF – May in the 2nd quarter valued at approximately $138,000. Financial Network Wealth Advisors LLC grew its holdings in FT Vest U.S. Equity Buffer ETF – May by 48.4% in the 1st quarter. Financial Network Wealth Advisors LLC now owns 3,562 shares of the company’s stock valued at $164,000 after buying an additional 1,161 shares during the last quarter. Finally, United Advisor Group LLC acquired a new stake in FT Vest U.S. Equity Buffer ETF – May in the 2nd quarter valued at approximately $205,000.

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

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.