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 stock price reached a new 52-week high on Friday . The stock traded as high as $52.00 and last traded at $51.97, with a volume of 3076 shares changing hands. The stock had previously closed at $51.78.

FT Vest U.S. Equity Buffer ETF – October Stock Up 0.2%

The firm has a market cap of $992.08 million, a P/E ratio of 24.45 and a beta of 0.62. The firm’s fifty day moving average is $49.70 and its two-hundred day moving average is $49.21.

Institutional Trading of FT Vest U.S. Equity Buffer ETF – October

A number of hedge funds have recently modified their holdings of the business. Gateway Wealth Partners LLC bought a new stake in shares of FT Vest U.S. Equity Buffer ETF – October during the 1st quarter valued at $345,000. WealthTrust Asset Management LLC boosted its holdings in shares of FT Vest U.S. Equity Buffer ETF – October by 50.2% during the 1st quarter. WealthTrust Asset Management LLC now owns 6,837 shares of the company’s stock valued at $326,000 after buying an additional 2,286 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of FT Vest U.S. Equity Buffer ETF – October by 11.6% during the 1st 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 in the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of FT Vest U.S. Equity Buffer ETF – October by 16.0% during the 1st quarter. Kestra Advisory Services LLC now owns 107,151 shares of the company’s stock valued at $5,109,000 after buying an additional 14,767 shares in the last quarter. Finally, Money Concepts Capital Corp bought a new stake in shares of FT Vest U.S. Equity Buffer ETF – October during the 1st quarter valued at $203,000.

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.