FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Sets New 1-Year High – Still a Buy?

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) shares hit a new 52-week high during trading on Monday . The stock traded as high as $51.32 and last traded at $51.60, with a volume of 10978 shares trading hands. The stock had previously closed at $51.23.

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

The company has a 50 day moving average price of $50.80 and a 200 day moving average price of $48.30. The company has a market capitalization of $968.16 million, a price-to-earnings ratio of 23.87 and a beta of 0.57.

Institutional Investors Weigh In On FT Vest U.S. Equity Buffer ETF – May

Hedge funds have recently modified their holdings of the stock. Allworth Financial LP raised its holdings in 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 period. Park Square Financial Group LLC purchased a new position in FT Vest U.S. Equity Buffer ETF – May in the fourth quarter worth $25,000. Centaurus Financial Inc. grew its position in FT Vest U.S. Equity Buffer ETF – May by 6.9% in the second quarter. Centaurus Financial Inc. now owns 10,915 shares of the company’s stock worth $546,000 after acquiring an additional 701 shares in the last quarter. Arbor Capital Management Inc. ADV lifted its stake in FT Vest U.S. Equity Buffer ETF – May by 17.8% in the first quarter. Arbor Capital Management Inc. ADV now owns 4,925 shares of the company’s stock worth $228,000 after purchasing an additional 743 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in FT Vest U.S. Equity Buffer ETF – May by 8.8% in the second quarter. Truist Financial Corp now owns 12,623 shares of the company’s stock worth $632,000 after purchasing an additional 1,019 shares during the last quarter.

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.