FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Reaches New 1-Year High – Still a Buy?

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $51.32 and last traded at $53.1440, with a volume of 10978 shares. The stock had previously closed at $51.23.

FT Vest U.S. Equity Buffer ETF – May Trading Up 3.5%

The stock has a 50-day simple moving average of $52.53 and a 200 day simple moving average of $51.30. The stock has a market capitalization of $994.50 million, a price-to-earnings ratio of 23.87 and a beta of 0.57.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Truist Financial Corp raised its holdings in shares of FT Vest U.S. Equity Buffer ETF – May by 8.8% during the second quarter. Truist Financial Corp now owns 12,623 shares of the company’s stock worth $632,000 after acquiring an additional 1,019 shares in the last quarter. Foundations Investment Advisors LLC purchased a new position in FT Vest U.S. Equity Buffer ETF – May in the second quarter valued at about $305,000. Assetmark Inc. increased its position in FT Vest U.S. Equity Buffer ETF – May by 30.8% in the 2nd quarter. Assetmark Inc. now owns 184,560 shares of the company’s stock worth $9,234,000 after purchasing an additional 43,491 shares during the last quarter. Keystone Wealth Services LLC raised its stake in shares of FT Vest U.S. Equity Buffer ETF – May by 10.2% during the 2nd quarter. Keystone Wealth Services LLC now owns 178,469 shares of the company’s stock worth $8,929,000 after purchasing an additional 16,457 shares in the last quarter. Finally, Novem Group lifted its holdings in shares of FT Vest U.S. Equity Buffer ETF – May by 30.8% during the 2nd quarter. Novem Group now owns 6,364 shares of the company’s stock valued at $318,000 after buying an additional 1,500 shares during the last quarter.

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

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.