FT Vest U.S. Equity Buffer ETF – August (BATS:FAUG) Reaches New 12-Month High – Still a Buy?

FT Vest U.S. Equity Buffer ETF – August (BATS:FAUG) hit a new 52-week high on Tuesday . The company traded as high as $56.45 and last traded at $56.45, with a volume of 7879 shares trading hands. The stock had previously closed at $56.30.

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

The company has a market capitalization of $1.07 billion, a PE ratio of 24.22 and a beta of 0.63. The firm’s 50 day simple moving average is $55.68 and its 200-day simple moving average is $53.93.

Institutional Investors Weigh In On FT Vest U.S. Equity Buffer ETF – August

Hedge funds have recently modified their holdings of the business. Wells Fargo & Company MN bought a new stake in shares of FT Vest U.S. Equity Buffer ETF – August in the 4th quarter worth approximately $47,000. Creative Financial Designs Inc. ADV increased its position in shares of FT Vest U.S. Equity Buffer ETF – August by 171.1% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 2,348 shares of the company’s stock worth $122,000 after purchasing an additional 1,482 shares during the last quarter. Great Diamond Partners LLC acquired a new stake in shares of FT Vest U.S. Equity Buffer ETF – August in the 4th quarter valued at approximately $204,000. LVZ Inc. acquired a new position in FT Vest U.S. Equity Buffer ETF – August during the fourth quarter worth $207,000. Finally, Private Advisor Group LLC bought a new stake in FT Vest U.S. Equity Buffer ETF – August during the third quarter worth $215,000.

FT Vest U.S. Equity Buffer ETF – August Company Profile

The FT Cboe Vest U.S. Equity Buffer ETF – August (FAUG) 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. FAUG was launched on Nov 6, 2019 and is managed by First Trust.