FT Vest Nasdaq-100 Buffer ETF – December (BATS:QDEC) Trading Down 0.6% – Time to Sell?

FT Vest Nasdaq-100 Buffer ETF – December (BATS:QDEC) shares dropped 0.6% during trading on Tuesday . The company traded as low as $31.51 and last traded at $31.59. Approximately 170,560 shares traded hands during mid-day trading, an increase of 161% from the average daily volume of 65,272 shares. The stock had previously closed at $31.78.

FT Vest Nasdaq-100 Buffer ETF – December Price Performance

The company’s 50-day simple moving average is $32.38 and its 200-day simple moving average is $31.93. The stock has a market capitalization of $587.57 million, a price-to-earnings ratio of 30.41 and a beta of 0.72.

Institutional Trading of FT Vest Nasdaq-100 Buffer ETF – December

Several hedge funds have recently added to or reduced their stakes in QDEC. JPMorgan Chase & Co. acquired a new position in shares of FT Vest Nasdaq-100 Buffer ETF – December during the 3rd quarter worth approximately $78,000. Nova Wealth Management Inc. bought a new position in shares of FT Vest Nasdaq-100 Buffer ETF – December during the third quarter worth approximately $115,000. Share Andrew L. acquired a new stake in shares of FT Vest Nasdaq-100 Buffer ETF – December in the fourth quarter valued at approximately $205,000. Winnow Wealth LLC acquired a new stake in shares of FT Vest Nasdaq-100 Buffer ETF – December in the third quarter valued at approximately $442,000. Finally, Arkadios Wealth Advisors boosted its stake in shares of FT Vest Nasdaq-100 Buffer ETF – December by 2.6% in the third quarter. Arkadios Wealth Advisors now owns 15,144 shares of the company’s stock valued at $471,000 after buying an additional 380 shares during the period.

About FT Vest Nasdaq-100 Buffer ETF – December

The FT Cboe Vest Nasdaq-100 Buffer ETF – December (QDEC) is an exchange-traded fund that is based on the NASDAQ 100 – USD index. The fund aims for specific buffered losses and capped gains on QQQ ETF over a specific holdings period. The actively-managed fund holds options and collateral. QDEC was launched on Dec 18, 2020 and is managed by First Trust.