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

FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $53.03 and last traded at $53.00, with a volume of 2020 shares traded. The stock had previously closed at $52.75.

FT Vest U.S. Equity Buffer ETF – October Stock Up 0.4%

The stock has a market cap of $1.01 billion, a P/E ratio of 24.45 and a beta of 0.62. The company has a 50-day simple moving average of $52.21 and a two-hundred day simple moving average of $50.45.

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

Several hedge funds have recently made changes to their positions in FOCT. O Shaughnessy Asset Management LLC bought a new position in FT Vest U.S. Equity Buffer ETF – October in the fourth quarter worth $56,000. JPMorgan Chase & Co. bought a new stake in shares of FT Vest U.S. Equity Buffer ETF – October in the 3rd quarter worth approximately $98,000. Fifth Third Bancorp bought a new stake in shares of FT Vest U.S. Equity Buffer ETF – October in the 4th quarter worth approximately $116,000. Sunbelt Securities Inc. grew its stake in shares of FT Vest U.S. Equity Buffer ETF – October by 20.0% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,997 shares of the company’s stock worth $142,000 after buying an additional 500 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in shares of FT Vest U.S. Equity Buffer ETF – October in the 4th quarter worth approximately $195,000.

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

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.