FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) Hits New 52-Week High – Time to Buy?

FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $53.89 and last traded at $53.86, with a volume of 15926 shares traded. The stock had previously closed at $53.67.

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

The firm has a market capitalization of $1.03 billion, a price-to-earnings ratio of 24.45 and a beta of 0.62. The business’s 50-day moving average is $52.89 and its two-hundred day moving average is $51.13.

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

Several hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in FT Vest U.S. Equity Buffer ETF – October by 1.6% during the 1st quarter. Royal Bank of Canada now owns 73,512 shares of the company’s stock worth $3,051,000 after buying an additional 1,151 shares during the period. Jane Street Group LLC bought a new stake in shares of FT Vest U.S. Equity Buffer ETF – October in the first quarter worth about $682,000. First Trust Advisors LP increased its holdings in shares of FT Vest U.S. Equity Buffer ETF – October by 27.7% in the second quarter. First Trust Advisors LP now owns 13,970 shares of the company’s stock worth $625,000 after acquiring an additional 3,033 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of FT Vest U.S. Equity Buffer ETF – October by 8.1% during the second quarter. NewEdge Advisors LLC now owns 12,883 shares of the company’s stock worth $577,000 after purchasing an additional 964 shares during the period. Finally, Raymond James Financial Inc. raised its position in shares of FT Vest U.S. Equity Buffer ETF – October by 2.8% during the second quarter. Raymond James Financial Inc. now owns 603,284 shares of the company’s stock worth $27,009,000 after purchasing an additional 16,451 shares during the period.

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

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.