FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) Sets New 12-Month High – Should You Buy?

FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) shares reached a new 52-week high on Tuesday . The stock traded as high as $51.63 and last traded at $51.53, with a volume of 10255 shares. The stock had previously closed at $51.56.

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

The company’s 50-day moving average price is $49.23 and its two-hundred day moving average price is $49.01. The company has a market capitalization of $985.77 million, a price-to-earnings ratio of 24.45 and a beta of 0.62.

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

Several large investors have recently modified their holdings of the company. WealthTrust Asset Management LLC increased its position in shares of FT Vest U.S. Equity Buffer ETF – October by 50.2% during the first quarter. WealthTrust Asset Management LLC now owns 6,837 shares of the company’s stock worth $326,000 after buying an additional 2,286 shares during the period. Assetmark Inc. increased its position in shares of FT Vest U.S. Equity Buffer ETF – October by 11.6% during the first quarter. Assetmark Inc. now owns 295,232 shares of the company’s stock worth $14,077,000 after buying an additional 30,594 shares during the period. Kestra Advisory Services LLC increased its position in shares of FT Vest U.S. Equity Buffer ETF – October by 16.0% during the first quarter. Kestra Advisory Services LLC now owns 107,151 shares of the company’s stock worth $5,109,000 after buying an additional 14,767 shares during the period. Money Concepts Capital Corp acquired a new stake in shares of FT Vest U.S. Equity Buffer ETF – October during the first quarter worth $203,000. Finally, SMART Wealth LLC grew its holdings in FT Vest U.S. Equity Buffer ETF – October by 8.8% in the first quarter. SMART Wealth LLC now owns 38,702 shares of the company’s stock worth $1,845,000 after purchasing an additional 3,119 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.