FT Vest Laddered Nasdaq Buffer ETF (BATS:BUFQ) Hits New 1-Year High – Should You Buy?

FT Vest Laddered Nasdaq Buffer ETF (BATS:BUFQ)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $39.19 and last traded at $39.10, with a volume of 9356 shares. The stock had previously closed at $38.97.

FT Vest Laddered Nasdaq Buffer ETF Stock Up 0.3%

The stock has a market cap of $1.16 billion, a P/E ratio of 30.39 and a beta of 0.72. The stock has a fifty day simple moving average of $37.11 and a 200-day simple moving average of $36.20.

Hedge Funds Weigh In On FT Vest Laddered Nasdaq Buffer ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BUFQ. Parallel Advisors LLC bought a new position in FT Vest Laddered Nasdaq Buffer ETF during the first quarter worth about $64,000. Wedbush Securities Inc. bought a new position in shares of FT Vest Laddered Nasdaq Buffer ETF during the third quarter worth $297,000. Transcend Capital Advisors LLC boosted its position in shares of FT Vest Laddered Nasdaq Buffer ETF by 66.4% during the third quarter. Transcend Capital Advisors LLC now owns 11,835 shares of the company’s stock worth $412,000 after purchasing an additional 4,723 shares in the last quarter. Arkadios Wealth Advisors boosted its position in shares of FT Vest Laddered Nasdaq Buffer ETF by 17.6% during the third quarter. Arkadios Wealth Advisors now owns 18,672 shares of the company’s stock worth $651,000 after purchasing an additional 2,797 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV boosted its position in shares of FT Vest Laddered Nasdaq Buffer ETF by 1.6% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 29,921 shares of the company’s stock worth $1,072,000 after purchasing an additional 477 shares in the last quarter.

FT Vest Laddered Nasdaq Buffer ETF Company Profile

The FT Cboe Vest Fund of Nasdaq-100 Buffer ETFs (BUFQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund-of-funds that holds a laddered portfolio of FT Cboe Vest Nasdaq-100 Buffer ETFs. BUFQ was launched on Jun 15, 2022 and is managed by First Trust.