FT Vest U.S. Equity Buffer ETF – December (BATS:FDEC) Hits New 1-Year High – Still a Buy?

FT Vest U.S. Equity Buffer ETF – December (BATS:FDEC) reached a new 52-week high on Friday. The company traded as high as $56.58 and last traded at $56.5640, with a volume of 7678 shares. The stock had previously closed at $56.38.

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

The business’s fifty day simple moving average is $55.79 and its 200 day simple moving average is $54.17. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 25.01 and a beta of 0.65.

Institutional Trading of FT Vest U.S. Equity Buffer ETF – December

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Cornerstone Wealth LLC TN acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – December in the 1st quarter worth approximately $234,000. Private Advisor Group LLC bought a new stake in FT Vest U.S. Equity Buffer ETF – December during the first quarter valued at $225,000. Avidian Wealth Enterprises LLC acquired a new stake in shares of FT Vest U.S. Equity Buffer ETF – December during the third quarter worth $291,000. World Investment Advisors acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – December in the 4th quarter valued at about $291,000. Finally, Gateway Wealth Partners LLC bought a new stake in shares of FT Vest U.S. Equity Buffer ETF – December during the 1st quarter valued at about $345,000.

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.