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)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $52.43 and last traded at $52.43, with a volume of 191 shares trading hands. The stock had previously closed at $51.95.

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

The company has a fifty day moving average of $51.35 and a 200 day moving average of $49.75. The firm has a market capitalization of $998.39 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 bought and sold shares of the stock. Raymond James Financial Inc. increased its position in shares of FT Vest U.S. Equity Buffer ETF – October by 2.8% during the 2nd quarter. Raymond James Financial Inc. now owns 603,284 shares of the company’s stock valued at $27,009,000 after purchasing an additional 16,451 shares during the last quarter. Cetera Investment Advisers lifted its stake in FT Vest U.S. Equity Buffer ETF – October by 51.7% in the 4th quarter. Cetera Investment Advisers now owns 373,788 shares of the company’s stock worth $18,312,000 after purchasing an additional 127,413 shares in the last quarter. Assetmark Inc. boosted its stake in FT Vest U.S. Equity Buffer ETF – October by 11.6% during the first quarter. Assetmark Inc. now owns 295,232 shares of the company’s stock valued at $14,077,000 after buying an additional 30,594 shares during the period. LPL Financial LLC grew its holdings in shares of FT Vest U.S. Equity Buffer ETF – October by 38.3% during the fourth quarter. LPL Financial LLC now owns 241,423 shares of the company’s stock worth $11,827,000 after purchasing an additional 66,911 shares in the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of FT Vest U.S. Equity Buffer ETF – October by 8.7% in the 4th quarter. Osaic Holdings Inc. now owns 202,740 shares of the company’s stock worth $9,932,000 after buying an additional 16,304 shares during the last quarter.

FT Vest U.S. Equity Buffer ETF – October Company Profile

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.