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

Shares of FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) hit a new 52-week high during trading on Friday . The company traded as high as $57.87 and last traded at $57.6710, with a volume of 173 shares changing hands. The stock had previously closed at $57.32.

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

The firm has a market capitalization of $1.08 billion, a P/E ratio of 23.87 and a beta of 0.57. The company’s 50-day simple moving average is $56.75 and its two-hundred day simple moving average is $55.40.

Hedge Funds Weigh In On FT Vest U.S. Equity Buffer ETF – May

Institutional investors have recently bought and sold shares of the stock. Citadel Advisors LLC bought a new stake in FT Vest U.S. Equity Buffer ETF – May during the second quarter valued at about $550,000. Ameritas Advisory Services LLC grew its stake in shares of FT Vest U.S. Equity Buffer ETF – May by 370.1% during the 2nd quarter. Ameritas Advisory Services LLC now owns 31,322 shares of the company’s stock valued at $1,851,000 after acquiring an additional 24,659 shares during the period. Kintra Wealth LLC increased its holdings in FT Vest U.S. Equity Buffer ETF – May by 77.3% in the 2nd quarter. Kintra Wealth LLC now owns 27,624 shares of the company’s stock worth $1,651,000 after acquiring an additional 12,040 shares in the last quarter. Compass Financial Management LLC purchased a new stake in FT Vest U.S. Equity Buffer ETF – May in the 2nd quarter worth approximately $257,000. Finally, NI Acquisitions Company LLC bought a new stake in FT Vest U.S. Equity Buffer ETF – May during the 2nd quarter worth approximately $133,000.

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

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.