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

FT Vest U.S. Equity Buffer ETF – December (BATS:FDEC) shares hit a new 52-week high during trading on Thursday . The stock traded as high as $52.97 and last traded at $52.97, with a volume of 7974 shares traded. The stock had previously closed at $52.74.

FT Vest U.S. Equity Buffer ETF – December Price Performance

The stock has a 50 day simple moving average of $51.11 and a two-hundred day simple moving average of $50.80. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 25.01 and a beta of 0.65.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FDEC. Mather Group LLC. acquired a new position in FT Vest U.S. Equity Buffer ETF – December during the third quarter worth approximately $56,000. United Capital Financial Advisors LLC acquired a new position in FT Vest U.S. Equity Buffer ETF – December during the third quarter worth approximately $210,000. Goldman Sachs Group Inc. acquired a new position in FT Vest U.S. Equity Buffer ETF – December during the first quarter worth approximately $222,000. Private Advisor Group LLC acquired a new position in FT Vest U.S. Equity Buffer ETF – December during the first quarter worth approximately $225,000. Finally, New Wave Wealth Advisors LLC acquired a new position in FT Vest U.S. Equity Buffer ETF – December during the fourth quarter worth approximately $232,000.

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

The FT Cboe Vest U.S. Equity Buffer ETF – December (FDEC) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses and capped gains on SPY ETF over a specific holdings period. The actively-managed fund holds options and collateral. FDEC was launched on Dec 18, 2020 and is managed by First Trust.