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

Shares of FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $48.88 and last traded at $49.4540, with a volume of 16024 shares trading hands. The stock had previously closed at $48.71.

FT Vest U.S. Equity Buffer ETF – October Trading Up 1.7%

The company has a market capitalization of $947.80 million, a price-to-earnings ratio of 24.45 and a beta of 0.62. The stock’s 50 day moving average price is $48.66 and its 200 day moving average price is $47.23.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its stake in shares of FT Vest U.S. Equity Buffer ETF – October by 17.9% during the second quarter. Janney Montgomery Scott LLC now owns 48,987 shares of the company’s stock worth $2,193,000 after purchasing an additional 7,433 shares during the period. Osaic Holdings Inc. lifted its position in FT Vest U.S. Equity Buffer ETF – October by 42.0% during the second quarter. Osaic Holdings Inc. now owns 188,286 shares of the company’s stock worth $8,333,000 after purchasing an additional 55,716 shares during the period. Silver Oak Securities Incorporated bought a new stake in shares of FT Vest U.S. Equity Buffer ETF – October during the 3rd quarter worth approximately $826,000. FWG Investments LLC. boosted its holdings in shares of FT Vest U.S. Equity Buffer ETF – October by 1.1% in the 2nd quarter. FWG Investments LLC. now owns 37,926 shares of the company’s stock valued at $1,698,000 after purchasing an additional 430 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in FT Vest U.S. Equity Buffer ETF – October in the second quarter valued at about $524,000.

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

The FT Cboe Vest U.S. Equity Buffer ETF – October (FOCT) 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. FOCT was launched on Oct 16, 2020 and is managed by First Trust.