FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) Hits New 52-Week High – Here’s Why

FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) hit a new 52-week high on Friday . The company traded as high as $52.00 and last traded at $51.97, with a volume of 3076 shares. The stock had previously closed at $51.78.

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

The firm’s 50-day simple moving average is $49.64 and its 200 day simple moving average is $49.19. The stock has a market capitalization of $993.42 million, a P/E ratio of 24.45 and a beta of 0.62.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC bought a new stake in FT Vest U.S. Equity Buffer ETF – October during the 4th quarter worth about $56,000. JPMorgan Chase & Co. bought a new stake in FT Vest U.S. Equity Buffer ETF – October during the 3rd quarter worth about $98,000. Fifth Third Bancorp bought a new stake in FT Vest U.S. Equity Buffer ETF – October during the 4th quarter worth about $116,000. Sunbelt Securities Inc. lifted its position in FT Vest U.S. Equity Buffer ETF – October by 20.0% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,997 shares of the company’s stock worth $142,000 after buying an additional 500 shares in the last quarter. Finally, Sound Income Strategies LLC bought a new stake in FT Vest U.S. Equity Buffer ETF – October during the 4th quarter worth about $195,000.

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.