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

FT Vest U.S. Equity Buffer ETF – April (BATS:FAPR)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $47.76 and last traded at $47.76, with a volume of 292 shares traded. The stock had previously closed at $47.56.

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

The stock has a 50 day simple moving average of $46.71 and a two-hundred day simple moving average of $45.70. The company has a market cap of $928.15 million, a price-to-earnings ratio of 24.36 and a beta of 0.60.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Assetmark Inc. increased its position in FT Vest U.S. Equity Buffer ETF – April by 9.5% during the first quarter. Assetmark Inc. now owns 316,799 shares of the company’s stock worth $14,226,000 after purchasing an additional 27,451 shares during the last quarter. MML Investors Services LLC boosted its holdings in FT Vest U.S. Equity Buffer ETF – April by 895.8% in the 2nd quarter. MML Investors Services LLC now owns 287,067 shares of the company’s stock valued at $12,111,000 after purchasing an additional 258,238 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of FT Vest U.S. Equity Buffer ETF – April by 70.5% in the 4th quarter. Cetera Investment Advisers now owns 285,828 shares of the company’s stock valued at $12,696,000 after buying an additional 118,147 shares during the period. Raymond James Financial Inc. grew its stake in shares of FT Vest U.S. Equity Buffer ETF – April by 6.8% in the 2nd quarter. Raymond James Financial Inc. now owns 258,097 shares of the company’s stock valued at $10,889,000 after buying an additional 16,543 shares during the period. Finally, LPL Financial LLC increased its holdings in shares of FT Vest U.S. Equity Buffer ETF – April by 1.0% during the 4th quarter. LPL Financial LLC now owns 151,669 shares of the company’s stock worth $6,737,000 after buying an additional 1,571 shares during the last quarter.

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

The FT Cboe Vest U.S. Equity Buffer ETF – April (FAPR) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for specific buffered losses and capped gains on the SPY over a specific holding period. The actively-managed fund holds options and collateral. FAPR was launched on Apr 16, 2021 and is managed by First Trust.