FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) Hits New 12-Month High – Still a Buy?

Shares of FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) hit a new 52-week high during trading on Monday . The company traded as high as $54.08 and last traded at $54.0640, with a volume of 665 shares changing hands. The stock had previously closed at $53.81.

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

The company’s 50-day simple moving average is $53.24 and its two-hundred day simple moving average is $51.50. The firm has a market capitalization of $1.04 billion, a P/E ratio of 24.45 and a beta of 0.62.

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

Several institutional investors and hedge funds have recently bought and sold shares of FOCT. Assetmark Inc. increased its position in FT Vest U.S. Equity Buffer ETF – October by 11.6% in the first quarter. Assetmark Inc. now owns 295,232 shares of the company’s stock worth $14,077,000 after buying an additional 30,594 shares in the last quarter. REAP Financial Group LLC grew its stake in shares of FT Vest U.S. Equity Buffer ETF – October by 82.8% during the 4th quarter. REAP Financial Group LLC now owns 146,285 shares of the company’s stock valued at $7,166,000 after acquiring an additional 66,278 shares during the period. Kestra Advisory Services LLC increased its holdings in FT Vest U.S. Equity Buffer ETF – October by 16.0% in the 1st quarter. Kestra Advisory Services LLC now owns 107,151 shares of the company’s stock worth $5,109,000 after acquiring an additional 14,767 shares in the last quarter. Capital Analysts LLC raised its stake in FT Vest U.S. Equity Buffer ETF – October by 4.3% during the 4th quarter. Capital Analysts LLC now owns 90,916 shares of the company’s stock worth $4,454,000 after acquiring an additional 3,770 shares during the period. Finally, FWG Investments LLC. lifted its holdings in FT Vest U.S. Equity Buffer ETF – October by 0.6% during the first quarter. FWG Investments LLC. now owns 51,250 shares of the company’s stock valued at $2,444,000 after purchasing an additional 298 shares in the last quarter.

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

The FT Cboe Vest U.S. Equity Buffer ETF – October (FOCT) 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. FOCT was launched on Oct 16, 2020 and is managed by First Trust.