FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Hits New 1-Year High – Here’s Why

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY)’s share price reached a new 52-week high on Monday . The company traded as high as $53.84 and last traded at $53.8640, with a volume of 11383 shares traded. The stock had previously closed at $53.8736.

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

The firm has a market capitalization of $1.01 billion, a P/E ratio of 23.87 and a beta of 0.57. The business has a 50 day moving average price of $53.46 and a 200 day moving average price of $52.43.

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

Several hedge funds and other institutional investors have recently modified their holdings of FMAY. HBK Sorce Advisory LLC acquired a new position in FT Vest U.S. Equity Buffer ETF – May during the 4th quarter valued at $205,000. RFG Advisory LLC increased its holdings in shares of FT Vest U.S. Equity Buffer ETF – May by 11.3% during the 4th quarter. RFG Advisory LLC now owns 12,988 shares of the company’s stock worth $694,000 after purchasing an additional 1,319 shares during the period. Concurrent Investment Advisors LLC lifted its stake in shares of FT Vest U.S. Equity Buffer ETF – May by 2.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 7,936 shares of the company’s stock valued at $424,000 after buying an additional 190 shares during the period. Assetmark Inc. grew its position in FT Vest U.S. Equity Buffer ETF – May by 15.9% during the fourth quarter. Assetmark Inc. now owns 242,038 shares of the company’s stock worth $12,937,000 after buying an additional 33,136 shares in the last quarter. Finally, Silver Oak Securities Incorporated acquired a new stake in FT Vest U.S. Equity Buffer ETF – May during the fourth quarter worth about $527,000.

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

The FT Cboe Vest U.S. Equity Buffer ETF – May (FMAY) 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. FMAY was launched on May 15, 2020 and is managed by First Trust.