FT Vest U.S. Equity Buffer ETF – March (BATS:FMAR) Hits New 52-Week High – Still a Buy?

FT Vest U.S. Equity Buffer ETF – March (BATS:FMAR)’s stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $46.84 and last traded at $46.56, with a volume of 10043 shares traded. The stock had previously closed at $46.7799.

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

The firm has a fifty day simple moving average of $46.47 and a 200 day simple moving average of $45.35. The company has a market cap of $929.36 million, a PE ratio of 23.86 and a beta of 0.59.

Hedge Funds Weigh In On FT Vest U.S. Equity Buffer ETF – March

A number of hedge funds have recently made changes to their positions in FMAR. Castleview Partners LLC increased its holdings in shares of FT Vest U.S. Equity Buffer ETF – March by 2.2% during the 2nd quarter. Castleview Partners LLC now owns 10,839 shares of the company’s stock worth $486,000 after buying an additional 230 shares during the last quarter. Avantra Family Wealth Inc. grew its position in FT Vest U.S. Equity Buffer ETF – March by 2.9% during the second quarter. Avantra Family Wealth Inc. now owns 12,440 shares of the company’s stock valued at $558,000 after acquiring an additional 351 shares during the period. Plotkin Financial Advisors LLC increased its stake in FT Vest U.S. Equity Buffer ETF – March by 7.0% during the second quarter. Plotkin Financial Advisors LLC now owns 6,598 shares of the company’s stock worth $296,000 after acquiring an additional 434 shares during the last quarter. Kingswood Wealth Advisors LLC increased its stake in FT Vest U.S. Equity Buffer ETF – March by 4.6% during the second quarter. Kingswood Wealth Advisors LLC now owns 10,582 shares of the company’s stock worth $474,000 after acquiring an additional 468 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of FT Vest U.S. Equity Buffer ETF – March by 4.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,599 shares of the company’s stock worth $657,000 after purchasing an additional 611 shares during the period.

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

The FT Cboe Vest U.S. Equity Buffer ETF – March (FMAR) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for specific buffered losses and capped gains on the SPY over a specific holding period. The actively-managed fund holds options and collateral. FMAR was launched on Mar 19, 2021 and is managed by First Trust.