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

FT Vest U.S. Equity Buffer ETF – August (BATS:FAUG) hit a new 52-week high during trading on Monday . The stock traded as high as $56.33 and last traded at $56.33, with a volume of 101 shares trading hands. The stock had previously closed at $56.00.

FT Vest U.S. Equity Buffer ETF – August Trading Down 0.0%

The company has a market cap of $1.07 billion, a P/E ratio of 24.22 and a beta of 0.63. The business has a 50 day moving average price of $55.19 and a 200-day moving average price of $53.71.

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

Several institutional investors and hedge funds have recently made changes to their positions in FAUG. Wells Fargo & Company MN bought a new position in FT Vest U.S. Equity Buffer ETF – August during the fourth quarter worth about $47,000. Anfield Capital Management LLC bought a new position in shares of FT Vest U.S. Equity Buffer ETF – August during the third quarter worth approximately $55,000. Creative Financial Designs Inc. ADV boosted its stake in shares of FT Vest U.S. Equity Buffer ETF – August by 171.1% in the third quarter. Creative Financial Designs Inc. ADV now owns 2,348 shares of the company’s stock valued at $122,000 after buying an additional 1,482 shares during the period. Great Diamond Partners LLC acquired a new stake in FT Vest U.S. Equity Buffer ETF – August during the fourth quarter worth approximately $204,000. Finally, LVZ Inc. bought a new position in FT Vest U.S. Equity Buffer ETF – August during the 4th quarter worth $207,000.

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

The FT Cboe Vest U.S. Equity Buffer ETF – August (FAUG) 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. FAUG was launched on Nov 6, 2019 and is managed by First Trust.