FT Vest U.S. Equity Buffer ETF – August (BATS:FAUG) Hits New 52-Week High – Should You Buy?

FT Vest U.S. Equity Buffer ETF – August (BATS:FAUG)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $55.65 and last traded at $55.60, with a volume of 8573 shares changing hands. The stock had previously closed at $55.58.

FT Vest U.S. Equity Buffer ETF – August Stock Up 0.0%

The stock has a market cap of $1.06 billion, a P/E ratio of 24.22 and a beta of 0.63. The business’s 50-day simple moving average is $53.32 and its two-hundred day simple moving average is $53.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN purchased a new position in FT Vest U.S. Equity Buffer ETF – August in the 4th quarter valued at approximately $47,000. Anfield Capital Management LLC purchased a new stake in FT Vest U.S. Equity Buffer ETF – August during the 3rd quarter worth about $55,000. Creative Financial Designs Inc. ADV boosted its position in shares of FT Vest U.S. Equity Buffer ETF – August by 171.1% in the third quarter. Creative Financial Designs Inc. ADV now owns 2,348 shares of the company’s stock valued at $122,000 after acquiring an additional 1,482 shares during the period. Great Diamond Partners LLC bought a new position in FT Vest U.S. Equity Buffer ETF – August in the 4th quarter valued at $204,000. Finally, LVZ Inc. purchased a new position in shares of FT Vest U.S. Equity Buffer ETF – August during the 4th quarter valued at $207,000.

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

The FT Cboe Vest U.S. Equity Buffer ETF – August (FAUG) 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. FAUG was launched on Nov 6, 2019 and is managed by First Trust.