FT Vest U.S. Equity Buffer ETF – September (BATS:FSEP) Reaches New 52-Week High – Should You Buy?

FT Vest U.S. Equity Buffer ETF – September (BATS:FSEP)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $51.59 and last traded at $52.05, with a volume of 10910 shares changing hands. The stock had previously closed at $51.40.

FT Vest U.S. Equity Buffer ETF – September Price Performance

The company has a market capitalization of $910.45 million, a PE ratio of 24.69 and a beta of 0.62. The stock’s 50 day simple moving average is $51.23 and its 200-day simple moving average is $50.18.

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

A number of hedge funds have recently added to or reduced their stakes in FSEP. Envestnet Asset Management Inc. grew its stake in shares of FT Vest U.S. Equity Buffer ETF – September by 151.4% in the second quarter. Envestnet Asset Management Inc. now owns 645,003 shares of the company’s stock worth $30,966,000 after acquiring an additional 388,412 shares in the last quarter. CWM LLC boosted its holdings in FT Vest U.S. Equity Buffer ETF – September by 50.4% in the third quarter. CWM LLC now owns 429,438 shares of the company’s stock valued at $21,704,000 after purchasing an additional 143,825 shares during the period. Cetera Investment Advisers boosted its holdings in FT Vest U.S. Equity Buffer ETF – September by 212.8% in the second quarter. Cetera Investment Advisers now owns 340,663 shares of the company’s stock valued at $16,355,000 after purchasing an additional 231,740 shares during the period. Commonwealth Equity Services LLC grew its stake in FT Vest U.S. Equity Buffer ETF – September by 40.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 306,680 shares of the company’s stock worth $15,500,000 after purchasing an additional 87,655 shares in the last quarter. Finally, Assetmark Inc. increased its holdings in FT Vest U.S. Equity Buffer ETF – September by 12.5% during the 3rd quarter. Assetmark Inc. now owns 217,152 shares of the company’s stock worth $10,975,000 after purchasing an additional 24,184 shares during the period.

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

The FT Cboe Vest U.S. Equity Buffer ETF – September (FSEP) 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. FSEP was launched on Sep 18, 2020 and is managed by First Trust.