FT Vest U.S. Equity Buffer ETF – August (BATS:FAUG) Sets New 1-Year High – Should You Buy?

FT Vest U.S. Equity Buffer ETF – August (BATS:FAUG) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $55.85 and last traded at $55.85, with a volume of 4309 shares trading hands. The stock had previously closed at $55.74.

FT Vest U.S. Equity Buffer ETF – August Stock Performance

The company has a market cap of $1.06 billion, a price-to-earnings ratio of 24.22 and a beta of 0.63. The firm’s 50-day moving average price is $53.68 and its 200 day moving average price is $53.17.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in shares of FT Vest U.S. Equity Buffer ETF – August by 283.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,011 shares of the company’s stock worth $491,000 after purchasing an additional 7,398 shares during the last quarter. First Trust Advisors LP acquired a new position in FT Vest U.S. Equity Buffer ETF – August in the second quarter valued at about $296,000. NewEdge Advisors LLC boosted its holdings in FT Vest U.S. Equity Buffer ETF – August by 1.1% during the second quarter. NewEdge Advisors LLC now owns 35,362 shares of the company’s stock worth $1,734,000 after buying an additional 394 shares during the last quarter. Darwin Wealth Management LLC bought a new position in FT Vest U.S. Equity Buffer ETF – August during the second quarter worth about $776,000. Finally, Jane Street Group LLC acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – August during the 2nd quarter worth about $1,021,000.

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

The FT Cboe Vest U.S. Equity Buffer ETF – August (FAUG) 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. FAUG was launched on Nov 6, 2019 and is managed by First Trust.