FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) Sets New 12-Month High – Should You Buy?

FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $49.6799 and last traded at $49.3760, with a volume of 8297 shares trading hands. The stock had previously closed at $49.5950.

FT Vest U.S. Equity Buffer ETF – October Stock Down 0.1%

The firm’s fifty day moving average is $49.05 and its two-hundred day moving average is $47.70. The firm has a market cap of $948.08 million, a P/E ratio of 24.45 and a beta of 0.62.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. First Horizon Advisors Inc. bought a new position in shares of FT Vest U.S. Equity Buffer ETF – October in the 2nd quarter worth about $25,000. Evolution Wealth Management Inc. purchased a new stake in shares of FT Vest U.S. Equity Buffer ETF – October in the 2nd quarter worth approximately $49,000. JPMorgan Chase & Co. bought a new position in FT Vest U.S. Equity Buffer ETF – October during the 3rd quarter valued at approximately $98,000. Fifth Third Bancorp purchased a new position in FT Vest U.S. Equity Buffer ETF – October during the fourth quarter valued at $116,000. Finally, Sunbelt Securities Inc. boosted its holdings in 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 acquiring an additional 500 shares in 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.