FT Vest U.S. Equity Buffer ETF – January (BATS:FJAN) Hits New 52-Week High – Time to Buy?

FT Vest U.S. Equity Buffer ETF – January (BATS:FJAN) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $56.57 and last traded at $56.57, with a volume of 3099 shares. The stock had previously closed at $56.33.

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

The firm has a fifty day moving average price of $55.60 and a 200 day moving average price of $53.82. The stock has a market cap of $1.26 billion, a PE ratio of 24.79 and a beta of 0.57.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FJAN. Bleakley Financial Group LLC raised its holdings in shares of FT Vest U.S. Equity Buffer ETF – January by 18.7% in the first quarter. Bleakley Financial Group LLC now owns 90,283 shares of the company’s stock worth $4,551,000 after buying an additional 14,243 shares during the last quarter. Money Concepts Capital Corp purchased a new stake in shares of FT Vest U.S. Equity Buffer ETF – January during the fourth quarter valued at $1,021,000. Maia Wealth LLC purchased a new stake in shares of FT Vest U.S. Equity Buffer ETF – January during the fourth quarter valued at $2,446,000. Outlook Wealth Advisors LLC acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – January in the 1st quarter valued at $690,000. Finally, Signal Advisors Wealth LLC increased its position in shares of FT Vest U.S. Equity Buffer ETF – January by 228.4% in the 1st quarter. Signal Advisors Wealth LLC now owns 26,170 shares of the company’s stock valued at $1,319,000 after acquiring an additional 18,202 shares during the period.

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

The FT Cboe Vest U.S. Equity Buffer ETF – January (FJAN) 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 SPY ETF over a specific holdings period. The actively-managed fund holds options and collateral. FJAN was launched on Jan 15, 2021 and is managed by First Trust.