FT Vest U.S. Equity Buffer ETF – January (BATS:FJAN) Sets New 1-Year High – Still a Buy?

FT Vest U.S. Equity Buffer ETF – January (BATS:FJAN)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $50.0245 and last traded at $51.7670, with a volume of 25712 shares. The stock had previously closed at $49.9051.

FT Vest U.S. Equity Buffer ETF – January Trading Up 4.5%

The firm has a 50-day simple moving average of $51.39 and a 200-day simple moving average of $50.09. The firm has a market cap of $1.17 billion, a P/E ratio of 24.79 and a beta of 0.57.

Hedge Funds Weigh In On FT Vest U.S. Equity Buffer ETF – January

Several hedge funds have recently modified their holdings of FJAN. Envestnet Asset Management Inc. raised its holdings in shares of FT Vest U.S. Equity Buffer ETF – January by 4.7% in the third quarter. Envestnet Asset Management Inc. now owns 865,980 shares of the company’s stock worth $43,433,000 after buying an additional 38,665 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of FT Vest U.S. Equity Buffer ETF – January by 2.1% in the 2nd quarter. Raymond James Financial Inc. now owns 582,716 shares of the company’s stock valued at $27,708,000 after acquiring an additional 12,102 shares during the period. Stephens Inc. AR raised its stake in FT Vest U.S. Equity Buffer ETF – January by 58.7% in the 2nd quarter. Stephens Inc. AR now owns 535,103 shares of the company’s stock worth $25,444,000 after acquiring an additional 197,901 shares during the last quarter. Cetera Investment Advisers raised its stake in FT Vest U.S. Equity Buffer ETF – January by 4.4% in the 2nd quarter. Cetera Investment Advisers now owns 466,395 shares of the company’s stock worth $22,177,000 after acquiring an additional 19,638 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in FT Vest U.S. Equity Buffer ETF – January by 2.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 243,647 shares of the company’s stock worth $11,585,000 after acquiring an additional 6,181 shares during the period.

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

The FT Cboe Vest U.S. Equity Buffer ETF – January (FJAN) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for specific buffered losses and capped gains on SPY ETF over a specific holdings period. The actively-managed fund holds options and collateral. FJAN was launched on Jan 15, 2021 and is managed by First Trust.