FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Hits New 1-Year High – Should You Buy?

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY)’s share price hit a new 52-week high on Monday . The stock traded as high as $55.48 and last traded at $55.44, with a volume of 8195 shares. The stock had previously closed at $55.44.

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

The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 23.87 and a beta of 0.57. The business has a fifty day moving average of $53.93 and a 200 day moving average of $53.43.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp acquired a new position in FT Vest U.S. Equity Buffer ETF – May in the first quarter valued at approximately $52,000. Beacon Pointe Advisors LLC purchased a new stake in FT Vest U.S. Equity Buffer ETF – May in the fourth quarter valued at approximately $203,000. HBK Sorce Advisory LLC purchased a new stake in FT Vest U.S. Equity Buffer ETF – May in the fourth quarter valued at approximately $205,000. Stonebridge Financial Planning Group LLC purchased a new stake in FT Vest U.S. Equity Buffer ETF – May in the third quarter valued at approximately $207,000. Finally, Creative Planning purchased a new stake in FT Vest U.S. Equity Buffer ETF – May in the third quarter valued at approximately $218,000.

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.