FT Vest U.S. Equity Buffer ETF – September (BATS:FSEP) Hits New 12-Month High – Still a Buy?

Shares of FT Vest U.S. Equity Buffer ETF – September (BATS:FSEP) hit a new 52-week high on Monday. The stock traded as high as $58.06 and last traded at $57.87, with a volume of 508 shares changing hands. The stock had previously closed at $57.65.

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

The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 24.69 and a beta of 0.62. The stock has a fifty day simple moving average of $56.90 and a 200-day simple moving average of $55.05.

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

Several institutional investors have recently made changes to their positions in FSEP. Wealthcare Advisory Partners LLC lifted its stake in shares of FT Vest U.S. Equity Buffer ETF – September by 1.1% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 741,908 shares of the company’s stock valued at $40,864,000 after purchasing an additional 8,006 shares during the period. Assetmark Inc. grew its position in FT Vest U.S. Equity Buffer ETF – September by 11.4% during the first quarter. Assetmark Inc. now owns 279,992 shares of the company’s stock valued at $14,092,000 after buying an additional 28,716 shares during the period. Kestra Advisory Services LLC increased its holdings in FT Vest U.S. Equity Buffer ETF – September by 12.8% in the first quarter. Kestra Advisory Services LLC now owns 162,442 shares of the company’s stock valued at $8,176,000 after buying an additional 18,469 shares in the last quarter. Schulz Wealth LTD. purchased a new position in FT Vest U.S. Equity Buffer ETF – September in the second quarter valued at $5,678,000. Finally, NewEdge Advisors LLC increased its holdings in FT Vest U.S. Equity Buffer ETF – September by 590.0% in the first quarter. NewEdge Advisors LLC now owns 102,436 shares of the company’s stock valued at $5,156,000 after buying an additional 87,590 shares in the last quarter.

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

The FT Cboe Vest U.S. Equity Buffer ETF – September (FSEP) 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. FSEP was launched on Sep 18, 2020 and is managed by First Trust.