FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) Sets New 52-Week High – Still a Buy?

FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $52.43 and last traded at $52.43, with a volume of 3071 shares trading hands. The stock had previously closed at $52.29.

FT Vest U.S. Equity Buffer ETF – October Stock Performance

The firm’s fifty day moving average is $51.64 and its 200-day moving average is $49.91. The company has a market capitalization of $1.00 billion, a P/E ratio of 24.45 and a beta of 0.62.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC bought a new stake in FT Vest U.S. Equity Buffer ETF – October during the fourth quarter valued at $56,000. JPMorgan Chase & Co. bought a new position in shares of FT Vest U.S. Equity Buffer ETF – October in the 3rd quarter worth about $98,000. Fifth Third Bancorp acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – October in the 4th quarter valued at about $116,000. Sunbelt Securities Inc. lifted its stake in shares of FT Vest U.S. Equity Buffer ETF – October by 20.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,997 shares of the company’s stock valued at $142,000 after purchasing an additional 500 shares during the period. Finally, Sound Income Strategies LLC bought a new stake in shares of FT Vest U.S. Equity Buffer ETF – October during the 4th quarter valued at about $195,000.

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

The FT Cboe Vest U.S. Equity Buffer ETF – October (FOCT) 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. FOCT was launched on Oct 16, 2020 and is managed by First Trust.