FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Reaches New 12-Month High – Still a Buy?

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) shares hit a new 52-week high on Tuesday . The stock traded as high as $56.17 and last traded at $56.09, with a volume of 2001 shares changing hands. The stock had previously closed at $55.92.

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

The company has a market cap of $1.05 billion, a P/E ratio of 23.87 and a beta of 0.57. The company’s 50-day moving average is $54.42 and its two-hundred day moving average is $53.72.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. FOCUS Wealth Advisors LLC increased its holdings in shares of FT Vest U.S. Equity Buffer ETF – May by 2.9% in the 4th quarter. FOCUS Wealth Advisors LLC now owns 496,565 shares of the company’s stock worth $26,541,000 after purchasing an additional 13,804 shares in the last quarter. Assetmark Inc. increased its holdings in shares of FT Vest U.S. Equity Buffer ETF – May by 9.9% in the 1st quarter. Assetmark Inc. now owns 266,045 shares of the company’s stock worth $14,047,000 after purchasing an additional 24,007 shares in the last quarter. Raymond James Financial Inc. grew its stake in shares of FT Vest U.S. Equity Buffer ETF – May by 7.4% in the second quarter. Raymond James Financial Inc. now owns 253,436 shares of the company’s stock worth $12,679,000 after acquiring an additional 17,361 shares during the period. Cetera Investment Advisers grew its stake in shares of FT Vest U.S. Equity Buffer ETF – May by 26.8% in the fourth quarter. Cetera Investment Advisers now owns 253,019 shares of the company’s stock worth $13,524,000 after acquiring an additional 53,495 shares during the period. Finally, REAP Financial Group LLC grew its stake in shares of FT Vest U.S. Equity Buffer ETF – May by 12.7% in the third quarter. REAP Financial Group LLC now owns 178,324 shares of the company’s stock worth $9,317,000 after acquiring an additional 20,103 shares during the period.

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.