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) shares reached a new 52-week high during trading on Thursday . The company traded as high as $53.74 and last traded at $53.74, with a volume of 156 shares changing hands. The stock had previously closed at $53.59.

FT Vest U.S. Equity Buffer ETF – October Stock Performance

The firm has a 50-day moving average price of $52.73 and a two-hundred day moving average price of $50.98. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 24.45 and a beta of 0.62.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Atria Investments Inc purchased a new stake in FT Vest U.S. Equity Buffer ETF – October in the fourth quarter valued at approximately $7,680,000. Cetera Investment Advisers increased its holdings in shares of FT Vest U.S. Equity Buffer ETF – October by 51.7% in the 4th quarter. Cetera Investment Advisers now owns 373,788 shares of the company’s stock valued at $18,312,000 after acquiring an additional 127,413 shares during the period. Sigma Planning Corp purchased a new stake in FT Vest U.S. Equity Buffer ETF – October in the 4th quarter valued at $4,093,000. LPL Financial LLC raised its position in FT Vest U.S. Equity Buffer ETF – October by 38.3% in the 4th quarter. LPL Financial LLC now owns 241,423 shares of the company’s stock valued at $11,827,000 after purchasing an additional 66,911 shares during the last quarter. Finally, REAP Financial Group LLC boosted its stake in FT Vest U.S. Equity Buffer ETF – October by 82.8% during the 4th quarter. REAP Financial Group LLC now owns 146,285 shares of the company’s stock worth $7,166,000 after purchasing an additional 66,278 shares during the period.

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.