FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Reaches New 12-Month High – Here’s Why

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY)’s share price reached a new 52-week high on Friday . The stock traded as high as $56.61 and last traded at $56.58, with a volume of 7442 shares trading hands. The stock had previously closed at $56.44.

FT Vest U.S. Equity Buffer ETF – May Stock Up 0.3%

The firm has a 50 day moving average of $55.87 and a 200-day moving average of $54.49. The company has a market cap of $1.06 billion, a P/E ratio of 23.87 and a beta of 0.57.

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

A number of hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp acquired a new stake in FT Vest U.S. Equity Buffer ETF – May in the first quarter valued at approximately $52,000. First Heartland Consultants Inc. acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – May during the second quarter worth $208,000. Beacon Pointe Advisors LLC acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – May during the fourth quarter worth $203,000. HBK Sorce Advisory LLC purchased a new stake in shares of FT Vest U.S. Equity Buffer ETF – May during the 4th quarter valued at $205,000. Finally, Allen Capital Group LLC purchased a new stake in shares of FT Vest U.S. Equity Buffer ETF – May during the 1st quarter valued at $207,000.

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

The FT Cboe Vest U.S. Equity Buffer ETF – May (FMAY) 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. FMAY was launched on May 15, 2020 and is managed by First Trust.