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

FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT)’s stock price hit a new 52-week high on Monday . The company traded as high as $54.08 and last traded at $54.0640, with a volume of 665 shares traded. The stock had previously closed at $53.81.

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

The company has a market capitalization of $1.04 billion, a P/E ratio of 24.45 and a beta of 0.62. The business’s fifty day simple moving average is $53.24 and its 200-day simple moving average is $51.50.

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

Hedge funds have recently made changes to their positions in the company. CoreCap Advisors LLC boosted its position in shares of FT Vest U.S. Equity Buffer ETF – October by 1.7% during the 2nd quarter. CoreCap Advisors LLC now owns 15,915 shares of the company’s stock valued at $832,000 after acquiring an additional 270 shares during the last quarter. Gateway Wealth Partners LLC purchased a new position in shares of FT Vest U.S. Equity Buffer ETF – October in the first quarter valued at $345,000. WealthTrust Asset Management LLC increased its position in FT Vest U.S. Equity Buffer ETF – October by 50.2% in the first quarter. WealthTrust Asset Management LLC now owns 6,837 shares of the company’s stock worth $326,000 after purchasing an additional 2,286 shares during the last quarter. Assetmark Inc. increased its position in FT Vest U.S. Equity Buffer ETF – October by 11.6% in the first quarter. Assetmark Inc. now owns 295,232 shares of the company’s stock worth $14,077,000 after purchasing an additional 30,594 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its stake in 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 valued at $5,109,000 after purchasing an additional 14,767 shares in the last quarter.

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.