FT Vest U.S. Equity Buffer ETF – December (BATS:FDEC) Hits New 52-Week High – Here’s What Happened

FT Vest U.S. Equity Buffer ETF – December (BATS:FDEC) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $53.52 and last traded at $53.46, with a volume of 610 shares trading hands. The stock had previously closed at $53.05.

FT Vest U.S. Equity Buffer ETF – December Price Performance

The stock’s 50 day moving average is $51.15 and its 200-day moving average is $50.86. The company has a market capitalization of $1.17 billion, a P/E ratio of 25.01 and a beta of 0.65.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of FT Vest U.S. Equity Buffer ETF – December by 2.9% during the first quarter. Royal Bank of Canada now owns 31,524 shares of the company’s stock valued at $1,368,000 after purchasing an additional 876 shares in the last quarter. AQR Capital Management LLC purchased a new position in FT Vest U.S. Equity Buffer ETF – December during the first quarter valued at $417,000. Goldman Sachs Group Inc. purchased a new position in FT Vest U.S. Equity Buffer ETF – December during the first quarter valued at $222,000. Gallagher Fiduciary Advisors LLC boosted its holdings in shares of FT Vest U.S. Equity Buffer ETF – December by 46.5% during the 2nd quarter. Gallagher Fiduciary Advisors LLC now owns 14,613 shares of the company’s stock valued at $682,000 after buying an additional 4,636 shares in the last quarter. Finally, Merit Financial Group LLC bought a new stake in shares of FT Vest U.S. Equity Buffer ETF – December during the 3rd quarter valued at $296,000.

FT Vest U.S. Equity Buffer ETF – December Company Profile

The FT Cboe Vest U.S. Equity Buffer ETF – December (FDEC) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses and capped gains on SPY ETF over a specific holdings period. The actively-managed fund holds options and collateral. FDEC was launched on Dec 18, 2020 and is managed by First Trust.