FT Vest U.S. Equity Buffer ETF – September (BATS:FSEP) Reaches New 52-Week High – Time to Buy?

FT Vest U.S. Equity Buffer ETF – September (BATS:FSEP) hit a new 52-week high during trading on Tuesday . The stock traded as high as $54.36 and last traded at $54.28, with a volume of 7576 shares trading hands. The stock had previously closed at $54.26.

FT Vest U.S. Equity Buffer ETF – September Trading Up 0.0%

The firm has a market capitalization of $947.19 million, a PE ratio of 24.69 and a beta of 0.62. The firm’s fifty day moving average price is $51.84 and its 200 day moving average price is $51.61.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC purchased a new position in shares of FT Vest U.S. Equity Buffer ETF – September during the 4th quarter valued at about $26,000. Topsail Wealth Management LLC boosted its stake in shares of FT Vest U.S. Equity Buffer ETF – September by 35.6% in the fourth quarter. Topsail Wealth Management LLC now owns 1,143 shares of the company’s stock worth $59,000 after buying an additional 300 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in FT Vest U.S. Equity Buffer ETF – September by 247.8% during the third quarter. JPMorgan Chase & Co. now owns 1,391 shares of the company’s stock worth $70,000 after acquiring an additional 991 shares during the period. Barclays PLC acquired a new stake in FT Vest U.S. Equity Buffer ETF – September during the fourth quarter worth about $149,000. Finally, IFP Advisors Inc raised its position in FT Vest U.S. Equity Buffer ETF – September by 8.0% during the fourth quarter. IFP Advisors Inc now owns 3,372 shares of the company’s stock valued at $174,000 after acquiring an additional 250 shares in the last quarter.

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

The FT Cboe Vest U.S. Equity Buffer ETF – September (FSEP) 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. FSEP was launched on Sep 18, 2020 and is managed by First Trust.