FT Vest Laddered Deep Buffer ETF (BATS:BUFD) Reaches New 1-Year High – Here’s Why

FT Vest Laddered Deep Buffer ETF (BATS:BUFD)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $29.13 and last traded at $29.13, with a volume of 158973 shares changing hands. The stock had previously closed at $29.11.

FT Vest Laddered Deep Buffer ETF Stock Performance

The stock has a 50 day moving average of $28.42 and a 200-day moving average of $28.22. The firm has a market capitalization of $1.45 billion, a P/E ratio of 24.83 and a beta of 0.41.

Institutional Investors Weigh In On FT Vest Laddered Deep Buffer ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Legacy Financial Group LLC raised its stake in FT Vest Laddered Deep Buffer ETF by 1.1% in the 4th quarter. Legacy Financial Group LLC now owns 1,987,567 shares of the company’s stock valued at $56,407,000 after acquiring an additional 22,157 shares during the period. Royal Bank of Canada raised its stake in FT Vest Laddered Deep Buffer ETF by 7.0% in the 4th quarter. Royal Bank of Canada now owns 543,461 shares of the company’s stock valued at $15,347,000 after acquiring an additional 35,516 shares during the period. Wedbush Securities Inc. raised its stake in FT Vest Laddered Deep Buffer ETF by 2.6% in the 4th quarter. Wedbush Securities Inc. now owns 221,908 shares of the company’s stock valued at $6,267,000 after acquiring an additional 5,718 shares during the period. Advisory Services Network LLC raised its stake in FT Vest Laddered Deep Buffer ETF by 0.7% in the 4th quarter. Advisory Services Network LLC now owns 181,903 shares of the company’s stock valued at $5,137,000 after acquiring an additional 1,224 shares during the period. Finally, Arkadios Wealth Advisors increased its position in shares of FT Vest Laddered Deep Buffer ETF by 0.9% during the third quarter. Arkadios Wealth Advisors now owns 52,946 shares of the company’s stock valued at $1,463,000 after buying an additional 480 shares during the period.

About FT Vest Laddered Deep Buffer ETF

The FT Cboe Vest Fund of Deep Buffer ETFs (BUFD) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed fund-of-funds that holds a laddered portfolio of FT Cboe Vest U.S. Equity Deep Buffer ETFs. BUFD was launched on Jan 20, 2021 and is managed by First Trust.