FT Vest U.S. Equity Buffer ETF – April (BATS:FAPR) Reaches New 52-Week High – Still a Buy?

FT Vest U.S. Equity Buffer ETF – April (BATS:FAPR) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $43.5040 and last traded at $44.2410, with a volume of 14144 shares. The stock had previously closed at $43.44.

FT Vest U.S. Equity Buffer ETF – April Trading Up 2.5%

The firm has a fifty day moving average price of $43.85 and a 200 day moving average price of $43.13. The firm has a market cap of $865.80 million, a PE ratio of 24.36 and a beta of 0.60.

Institutional Investors Weigh In On FT Vest U.S. Equity Buffer ETF – April

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Geneos Wealth Management Inc. increased its stake in FT Vest U.S. Equity Buffer ETF – April by 200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 900 shares of the company’s stock worth $38,000 after buying an additional 600 shares during the period. Bank of America Corp DE acquired a new stake in shares of FT Vest U.S. Equity Buffer ETF – April in the third quarter valued at $42,000. Legacy Private Trust Co. purchased a new position in FT Vest U.S. Equity Buffer ETF – April in the third quarter valued at $205,000. Diligent Investors LLC acquired a new position in FT Vest U.S. Equity Buffer ETF – April during the 2nd quarter worth $211,000. Finally, TrueWealth Advisors LLC purchased a new stake in FT Vest U.S. Equity Buffer ETF – April during the 2nd quarter worth about $214,000.

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

The FT Cboe Vest U.S. Equity Buffer ETF – April (FAPR) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for specific buffered losses and capped gains on the SPY over a specific holding period. The actively-managed fund holds options and collateral. FAPR was launched on Apr 16, 2021 and is managed by First Trust.