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

FT Vest U.S. Equity Buffer ETF – December (BATS:FDEC) shares hit a new 52-week high on Wednesday . The stock traded as high as $54.89 and last traded at $54.89, with a volume of 452 shares traded. The stock had previously closed at $54.76.

FT Vest U.S. Equity Buffer ETF – December Trading Down 0.1%

The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 25.01 and a beta of 0.65. The company has a fifty day moving average price of $54.16 and a 200-day moving average price of $52.30.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. CoreCap Advisors LLC grew its stake in shares of FT Vest U.S. Equity Buffer ETF – December by 2.9% during the 2nd quarter. CoreCap Advisors LLC now owns 14,593 shares of the company’s stock worth $795,000 after purchasing an additional 412 shares during the period. NewEdge Advisors LLC boosted its holdings in FT Vest U.S. Equity Buffer ETF – December by 10.9% during the first quarter. NewEdge Advisors LLC now owns 35,611 shares of the company’s stock worth $1,771,000 after buying an additional 3,500 shares in the last quarter. Leigh Baldwin & CO. LLC boosted its holdings in FT Vest U.S. Equity Buffer ETF – December by 1,169.5% during the first quarter. Leigh Baldwin & CO. LLC now owns 73,885 shares of the company’s stock worth $3,674,000 after buying an additional 68,065 shares in the last quarter. Cornerstone Wealth LLC TN acquired a new stake in FT Vest U.S. Equity Buffer ETF – December during the first quarter valued at $234,000. Finally, Arkadios Wealth Advisors increased its holdings in FT Vest U.S. Equity Buffer ETF – December by 2.9% in the first quarter. Arkadios Wealth Advisors now owns 79,367 shares of the company’s stock valued at $3,946,000 after buying an additional 2,222 shares in the last quarter.

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

The FT Cboe Vest U.S. Equity Buffer ETF – December (FDEC) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses and capped gains on SPY ETF over a specific holdings period. The actively-managed fund holds options and collateral. FDEC was launched on Dec 18, 2020 and is managed by First Trust.