FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) Reaches New 1-Year High – Still a Buy?

FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) reached a new 52-week high during trading on Monday . The company traded as high as $53.54 and last traded at $53.54, with a volume of 427 shares trading hands. The stock had previously closed at $53.30.

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

The company’s fifty day simple moving average is $52.38 and its two-hundred day simple moving average is $50.65. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of 24.45 and a beta of 0.62.

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

Several hedge funds and other institutional investors have recently bought and sold shares of FOCT. Atria Investments Inc bought a new stake in shares of FT Vest U.S. Equity Buffer ETF – October during the 4th quarter valued at about $7,680,000. Cetera Investment Advisers raised its stake in FT Vest U.S. Equity Buffer ETF – October by 51.7% during the fourth quarter. Cetera Investment Advisers now owns 373,788 shares of the company’s stock worth $18,312,000 after acquiring an additional 127,413 shares during the period. Sigma Planning Corp bought a new position in FT Vest U.S. Equity Buffer ETF – October in the fourth quarter worth about $4,093,000. LPL Financial LLC lifted its holdings in FT Vest U.S. Equity Buffer ETF – October by 38.3% in the fourth quarter. LPL Financial LLC now owns 241,423 shares of the company’s stock worth $11,827,000 after acquiring an additional 66,911 shares during the last quarter. Finally, REAP Financial Group LLC boosted its stake in FT Vest U.S. Equity Buffer ETF – October by 82.8% in the fourth 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.

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.