FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Reaches New 1-Year High – Should You Buy?

Shares of FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) reached a new 52-week high on Monday . The company traded as high as $51.32 and last traded at $53.7550, with a volume of 10978 shares. The stock had previously closed at $51.23.

FT Vest U.S. Equity Buffer ETF – May Stock Up 5.0%

The stock has a 50 day simple moving average of $52.95 and a 200 day simple moving average of $51.93. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 23.87 and a beta of 0.57.

Institutional Trading of FT Vest U.S. Equity Buffer ETF – May

A number of hedge funds and other institutional investors have recently bought and sold shares of FMAY. Envestnet Asset Management Inc. lifted its stake in shares of FT Vest U.S. Equity Buffer ETF – May by 785.5% in the second quarter. Envestnet Asset Management Inc. now owns 530,507 shares of the company’s stock valued at $26,541,000 after buying an additional 470,596 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of FT Vest U.S. Equity Buffer ETF – May by 267.4% in the 2nd quarter. Cetera Investment Advisers now owns 378,358 shares of the company’s stock worth $18,929,000 after acquiring an additional 275,383 shares during the last quarter. CreativeOne Wealth LLC lifted its position in FT Vest U.S. Equity Buffer ETF – May by 2,289.0% in the 2nd quarter. CreativeOne Wealth LLC now owns 115,626 shares of the company’s stock valued at $5,785,000 after acquiring an additional 110,786 shares in the last quarter. Osaic Holdings Inc. boosted its stake in FT Vest U.S. Equity Buffer ETF – May by 93.6% during the 2nd quarter. Osaic Holdings Inc. now owns 170,819 shares of the company’s stock valued at $8,443,000 after purchasing an additional 82,573 shares during the last quarter. Finally, Clear Creek Financial Management LLC acquired a new position in FT Vest U.S. Equity Buffer ETF – May during the 2nd quarter valued at about $2,236,000.

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.