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

FT Vest U.S. Equity Buffer ETF – April (BATS:FAPR) reached a new 52-week high during trading on Wednesday . The stock traded as high as $47.09 and last traded at $47.09, with a volume of 122 shares trading hands. The stock had previously closed at $46.95.

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

The company has a market capitalization of $913.18 million, a P/E ratio of 24.36 and a beta of 0.60. The firm’s 50-day moving average is $46.49 and its 200-day moving average is $45.39.

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

Several institutional investors and hedge funds have recently bought and sold shares of FAPR. MML Investors Services LLC increased its stake in shares of FT Vest U.S. Equity Buffer ETF – April by 895.8% in the second quarter. MML Investors Services LLC now owns 287,067 shares of the company’s stock worth $12,111,000 after purchasing an additional 258,238 shares in the last quarter. Cetera Investment Advisers lifted its stake in shares of FT Vest U.S. Equity Buffer ETF – April by 70.5% during the 4th quarter. Cetera Investment Advisers now owns 285,828 shares of the company’s stock valued at $12,696,000 after buying an additional 118,147 shares in the last quarter. Assetmark Inc. boosted its holdings in FT Vest U.S. Equity Buffer ETF – April by 16.7% in the 4th quarter. Assetmark Inc. now owns 289,348 shares of the company’s stock worth $12,853,000 after buying an additional 41,331 shares during the period. Fifth Third Bancorp purchased a new stake in FT Vest U.S. Equity Buffer ETF – April in the 1st quarter worth $1,296,000. Finally, Foguth Wealth Management LLC. purchased a new stake in FT Vest U.S. Equity Buffer ETF – April in the 4th quarter worth $923,000.

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.