FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) Reaches New 1-Year High – Still a Buy?

FT Vest U.S. Equity Buffer ETF – October (BATS:FOCTGet Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $53.74 and last traded at $53.74, with a volume of 156 shares trading hands. The stock had previously closed at $53.59.

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

The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 24.45 and a beta of 0.62. The company’s fifty day simple moving average is $52.79 and its two-hundred day simple moving average is $51.02.

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

Several large investors have recently modified their holdings of the stock. O Shaughnessy Asset Management LLC bought a new stake in FT Vest U.S. Equity Buffer ETF – October in the fourth quarter valued at about $56,000. JPMorgan Chase & Co. bought a new position in FT Vest U.S. Equity Buffer ETF – October during the 3rd quarter worth approximately $98,000. Fifth Third Bancorp bought a new position in FT Vest U.S. Equity Buffer ETF – October during the 4th quarter worth approximately $116,000. Sunbelt Securities Inc. increased its holdings 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 acquiring an additional 500 shares during the last quarter. Finally, LVZ Inc. bought a new stake in shares of FT Vest U.S. Equity Buffer ETF – October in the 4th quarter valued at approximately $203,000.

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

(Get Free Report)

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.

Further Reading

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