FT Vest U.S. Equity Buffer ETF – February (BATS:FFEB) Hits New 12-Month High – Still a Buy?

FT Vest U.S. Equity Buffer ETF – February (BATS:FFEB) shares reached a new 52-week high on Wednesday . The company traded as high as $57.70 and last traded at $57.4850, with a volume of 1310 shares changing hands. The stock had previously closed at $57.57.

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

The stock has a market capitalization of $1.15 billion, a P/E ratio of 24.30 and a beta of 0.59. The stock’s 50-day simple moving average is $56.79 and its 200 day simple moving average is $55.43.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Global Retirement Partners LLC bought a new position in FT Vest U.S. Equity Buffer ETF – February during the fourth quarter worth about $29,000. First Horizon Corp acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – February during the 4th quarter worth approximately $34,000. Topsail Wealth Management LLC grew its position in shares of FT Vest U.S. Equity Buffer ETF – February by 333.3% during the 4th quarter. Topsail Wealth Management LLC now owns 650 shares of the company’s stock worth $37,000 after purchasing an additional 500 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of FT Vest U.S. Equity Buffer ETF – February during the third quarter worth approximately $84,000. Finally, National Bank of Canada FI acquired a new stake in shares of FT Vest U.S. Equity Buffer ETF – February in the third quarter valued at approximately $101,000.

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

The FT Cboe Vest U.S. Equity Buffer ETF – February (FFEB) 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. FFEB was launched on Feb 21, 2020 and is managed by First Trust.