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

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $56.65 and last traded at $56.62, with a volume of 22899 shares. The stock had previously closed at $56.49.

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

The company has a market cap of $1.06 billion, a P/E ratio of 23.87 and a beta of 0.57. The company’s 50-day moving average is $55.96 and its two-hundred day moving average is $54.57.

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

Institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp bought a new position in shares of FT Vest U.S. Equity Buffer ETF – May during the first quarter valued at $52,000. Beacon Pointe Advisors LLC bought a new stake in FT Vest U.S. Equity Buffer ETF – May in the 4th quarter worth about $203,000. HBK Sorce Advisory LLC bought a new stake in FT Vest U.S. Equity Buffer ETF – May in the 4th quarter worth about $205,000. Allen Capital Group LLC purchased a new position in FT Vest U.S. Equity Buffer ETF – May in the 1st quarter worth about $207,000. Finally, Stonebridge Financial Planning Group LLC purchased a new position in FT Vest U.S. Equity Buffer ETF – May in the 3rd quarter worth about $207,000.

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.