FT Vest U.S. Equity Buffer ETF – December (BATS:FDEC) Reaches New 52-Week High – Time to Buy?

FT Vest U.S. Equity Buffer ETF – December (BATS:FDEC) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $54.18 and last traded at $54.11, with a volume of 1307 shares changing hands. The stock had previously closed at $53.95.

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

The business has a 50 day simple moving average of $51.75 and a 200-day simple moving average of $51.21. The stock has a market capitalization of $1.18 billion, a P/E ratio of 25.01 and a beta of 0.65.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Leigh Baldwin & CO. LLC boosted its stake in FT Vest U.S. Equity Buffer ETF – December by 1,169.5% during the 1st quarter. Leigh Baldwin & CO. LLC now owns 73,885 shares of the company’s stock valued at $3,674,000 after purchasing an additional 68,065 shares in the last quarter. Cornerstone Wealth LLC TN bought a new position in FT Vest U.S. Equity Buffer ETF – December during the 1st quarter valued at $234,000. NewEdge Advisors LLC lifted its position in shares of FT Vest U.S. Equity Buffer ETF – December by 10.9% during the 1st quarter. NewEdge Advisors LLC now owns 35,611 shares of the company’s stock valued at $1,771,000 after acquiring an additional 3,500 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of FT Vest U.S. Equity Buffer ETF – December by 2.9% during the 1st quarter. Arkadios Wealth Advisors now owns 79,367 shares of the company’s stock worth $3,946,000 after acquiring an additional 2,222 shares in the last quarter. Finally, Sunbelt Securities Inc. boosted its stake in shares of FT Vest U.S. Equity Buffer ETF – December by 2.4% during the 1st quarter. Sunbelt Securities Inc. now owns 8,911 shares of the company’s stock worth $443,000 after acquiring an additional 210 shares in the last quarter.

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

The FT Cboe Vest U.S. Equity Buffer ETF – December (FDEC) is an exchange-traded fund that mostly invests in large cap equity. 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. FDEC was launched on Dec 18, 2020 and is managed by First Trust.