FT Vest Laddered Nasdaq Buffer ETF (BATS:BUFQ) Reaches New 12-Month High – Should You Buy?

Shares of FT Vest Laddered Nasdaq Buffer ETF (BATS:BUFQ) hit a new 52-week high during trading on Monday . The stock traded as high as $36.0953 and last traded at $35.89, with a volume of 88892 shares trading hands. The stock had previously closed at $35.84.

FT Vest Laddered Nasdaq Buffer ETF Trading Up 0.6%

The business’s 50 day simple moving average is $35.46 and its two-hundred day simple moving average is $34.59. The firm has a market capitalization of $1.06 billion, a P/E ratio of 30.39 and a beta of 0.72.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BUFQ. Wedbush Securities Inc. bought a new stake in shares of FT Vest Laddered Nasdaq Buffer ETF during the 3rd quarter worth approximately $297,000. Transcend Capital Advisors LLC increased its stake in FT Vest Laddered Nasdaq Buffer ETF by 66.4% in the third quarter. Transcend Capital Advisors LLC now owns 11,835 shares of the company’s stock worth $412,000 after purchasing an additional 4,723 shares during the period. Arkadios Wealth Advisors lifted its position in shares of FT Vest Laddered Nasdaq Buffer ETF by 17.6% during the third quarter. Arkadios Wealth Advisors now owns 18,672 shares of the company’s stock worth $651,000 after purchasing an additional 2,797 shares during the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in shares of FT Vest Laddered Nasdaq Buffer ETF by 32.6% during the third quarter. Nations Financial Group Inc. IA ADV now owns 29,444 shares of the company’s stock valued at $1,026,000 after purchasing an additional 7,240 shares during the period. Finally, Prism Advisors Inc. boosted its stake in shares of FT Vest Laddered Nasdaq Buffer ETF by 0.3% during the third quarter. Prism Advisors Inc. now owns 169,208 shares of the company’s stock valued at $5,895,000 after purchasing an additional 577 shares during the period.

About FT Vest Laddered Nasdaq Buffer ETF

The FT Cboe Vest Fund of Nasdaq-100 Buffer ETFs (BUFQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund-of-funds that holds a laddered portfolio of FT Cboe Vest Nasdaq-100 Buffer ETFs. BUFQ was launched on Jun 15, 2022 and is managed by First Trust.