FT Vest U.S. Equity Buffer ETF – December (BATS:FDEC) Reaches New 52-Week High – Should You Buy?

FT Vest U.S. Equity Buffer ETF – December (BATS:FDEC) shares reached a new 52-week high on Wednesday . The stock traded as high as $53.52 and last traded at $53.46, with a volume of 610 shares traded. The stock had previously closed at $53.05.

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

The company has a market cap of $1.17 billion, a price-to-earnings ratio of 25.01 and a beta of 0.65. The firm has a fifty day simple moving average of $51.24 and a 200 day simple moving average of $50.92.

Institutional Investors Weigh In On FT Vest U.S. Equity Buffer ETF – December

Several hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its position in shares of FT Vest U.S. Equity Buffer ETF – December by 2.9% during the first quarter. Royal Bank of Canada now owns 31,524 shares of the company’s stock valued at $1,368,000 after purchasing an additional 876 shares during the period. AQR Capital Management LLC bought a new position in FT Vest U.S. Equity Buffer ETF – December during the 1st quarter valued at about $417,000. Goldman Sachs Group Inc. bought a new stake in FT Vest U.S. Equity Buffer ETF – December during the 1st quarter worth approximately $222,000. Gallagher Fiduciary Advisors LLC increased its stake in shares of FT Vest U.S. Equity Buffer ETF – December by 46.5% in the second quarter. Gallagher Fiduciary Advisors LLC now owns 14,613 shares of the company’s stock valued at $682,000 after buying an additional 4,636 shares in the last quarter. Finally, Merit Financial Group LLC bought a new position in shares of FT Vest U.S. Equity Buffer ETF – December in the third quarter worth about $296,000.

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.