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

FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $52.21 and last traded at $52.17, with a volume of 8081 shares. The stock had previously closed at $52.08.

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

The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 24.45 and a beta of 0.62. The business has a fifty day simple moving average of $50.08 and a 200 day simple moving average of $49.34.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC purchased a new stake in shares of FT Vest U.S. Equity Buffer ETF – October during the fourth quarter worth $56,000. JPMorgan Chase & Co. purchased a new position in shares of FT Vest U.S. Equity Buffer ETF – October in the third quarter worth about $98,000. Fifth Third Bancorp acquired a new position in FT Vest U.S. Equity Buffer ETF – October during the fourth quarter worth about $116,000. Sunbelt Securities Inc. boosted its position in FT Vest U.S. Equity Buffer ETF – October by 20.0% during the third quarter. Sunbelt Securities Inc. now owns 2,997 shares of the company’s stock worth $142,000 after acquiring an additional 500 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in FT Vest U.S. Equity Buffer ETF – October during the 4th quarter valued at about $195,000.

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

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.