FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Hits New 52-Week High – Should You Buy?

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as $51.32 and last traded at $53.42, with a volume of 10978 shares trading hands. The stock had previously closed at $51.23.

FT Vest U.S. Equity Buffer ETF – May Trading Up 4.6%

The company has a market cap of $1.00 billion, a price-to-earnings ratio of 23.87 and a beta of 0.57. The business has a fifty day moving average of $52.86 and a two-hundred day moving average of $51.78.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Nova Wealth Management Inc. acquired a new stake in FT Vest U.S. Equity Buffer ETF – May in the 2nd quarter valued at $138,000. United Advisor Group LLC purchased a new position in FT Vest U.S. Equity Buffer ETF – May during the second quarter valued at $205,000. Stonebridge Financial Planning Group LLC purchased a new position in FT Vest U.S. Equity Buffer ETF – May during the third quarter valued at $207,000. Concurrent Investment Advisors LLC acquired a new stake in shares of FT Vest U.S. Equity Buffer ETF – May in the second quarter valued at about $213,000. Finally, Arkadios Wealth Advisors purchased a new stake in shares of FT Vest U.S. Equity Buffer ETF – May during the second quarter worth about $215,000.

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.