FT Vest U.S. Equity Buffer ETF – March (BATS:FMAR) Reaches New 1-Year High – Time to Buy?

FT Vest U.S. Equity Buffer ETF – March (BATS:FMAR)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $49.00 and last traded at $49.00, with a volume of 27378 shares changing hands. The stock had previously closed at $48.81.

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

The business’s 50 day moving average price is $48.03 and its 200-day moving average price is $47.30. The company has a market cap of $976.57 million, a price-to-earnings ratio of 23.86 and a beta of 0.59.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC grew its stake in shares of FT Vest U.S. Equity Buffer ETF – March by 896.5% in the 1st quarter. Jane Street Group LLC now owns 226,466 shares of the company’s stock valued at $9,557,000 after purchasing an additional 203,740 shares during the period. StoneX Group Inc. lifted its position in shares of FT Vest U.S. Equity Buffer ETF – March by 9.8% during the 2nd quarter. StoneX Group Inc. now owns 39,538 shares of the company’s stock worth $1,773,000 after buying an additional 3,535 shares during the period. Victory Financial Group LLC acquired a new stake in FT Vest U.S. Equity Buffer ETF – March in the 2nd quarter valued at $201,000. Faithward Advisors LLC boosted its stake in FT Vest U.S. Equity Buffer ETF – March by 438.5% in the 2nd quarter. Faithward Advisors LLC now owns 54,819 shares of the company’s stock valued at $2,458,000 after buying an additional 44,640 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of FT Vest U.S. Equity Buffer ETF – March during the second quarter valued at $53,000.

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.