FT Vest U.S. Equity Buffer ETF – September (BATS:FSEP) Sets New 52-Week High – Should You Buy?

FT Vest U.S. Equity Buffer ETF – September (BATS:FSEP) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $51.59 and last traded at $51.5510, with a volume of 10910 shares changing hands. The stock had previously closed at $51.40.

FT Vest U.S. Equity Buffer ETF – September Stock Up 0.5%

The firm has a market cap of $901.10 million, a P/E ratio of 24.69 and a beta of 0.62. The company has a 50 day moving average of $51.37 and a two-hundred day moving average of $50.36.

Hedge Funds Weigh In On FT Vest U.S. Equity Buffer ETF – September

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its holdings in FT Vest U.S. Equity Buffer ETF – September by 151.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 645,003 shares of the company’s stock worth $30,966,000 after buying an additional 388,412 shares during the period. CWM LLC boosted its holdings in shares of FT Vest U.S. Equity Buffer ETF – September by 50.4% in the third quarter. CWM LLC now owns 429,438 shares of the company’s stock worth $21,704,000 after buying an additional 143,825 shares during the period. Cetera Investment Advisers increased its position in shares of FT Vest U.S. Equity Buffer ETF – September by 212.8% in the second quarter. Cetera Investment Advisers now owns 340,663 shares of the company’s stock worth $16,355,000 after acquiring an additional 231,740 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in shares of FT Vest U.S. Equity Buffer ETF – September by 40.0% during the third quarter. Commonwealth Equity Services LLC now owns 306,680 shares of the company’s stock valued at $15,500,000 after acquiring an additional 87,655 shares during the period. Finally, Assetmark Inc. lifted its position in shares of FT Vest U.S. Equity Buffer ETF – September by 12.5% in the 3rd quarter. Assetmark Inc. now owns 217,152 shares of the company’s stock valued at $10,975,000 after acquiring an additional 24,184 shares in the last quarter.

About FT Vest U.S. Equity Buffer ETF – September

The FT Cboe Vest U.S. Equity Buffer ETF – September (FSEP) 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. FSEP was launched on Sep 18, 2020 and is managed by First Trust.