FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) Sets New 1-Year High – Here’s Why

FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $48.88 and last traded at $49.00, with a volume of 16024 shares changing hands. The stock had previously closed at $48.71.

FT Vest U.S. Equity Buffer ETF – October Trading Up 1.2%

The firm has a market cap of $942.84 million, a PE ratio of 24.45 and a beta of 0.62. The company has a 50 day moving average price of $48.42 and a 200 day moving average price of $46.72.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. purchased a new stake in shares of FT Vest U.S. Equity Buffer ETF – October during the 2nd quarter valued at about $25,000. Evolution Wealth Management Inc. acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – October in the 2nd quarter valued at approximately $49,000. JPMorgan Chase & Co. acquired a new stake in shares of FT Vest U.S. Equity Buffer ETF – October during the third quarter worth approximately $98,000. Sunbelt Securities Inc. increased its stake in shares of FT Vest U.S. Equity Buffer ETF – October by 20.0% in the third quarter. Sunbelt Securities Inc. now owns 2,997 shares of the company’s stock worth $142,000 after buying an additional 500 shares during the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in FT Vest U.S. Equity Buffer ETF – October in the third quarter valued at $233,000.

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.