FT Vest U.S. Equity Buffer ETF – February (BATS:FFEB) Sets New 12-Month High – Still a Buy?

FT Vest U.S. Equity Buffer ETF – February (BATS:FFEB) reached a new 52-week high during mid-day trading on Monday. The company traded as high as $62.99 and last traded at $62.9410, with a volume of 783 shares. The stock had previously closed at $62.84.

FT Vest U.S. Equity Buffer ETF – February Stock Performance

The firm’s fifty day simple moving average is $62.34 and its 200 day simple moving average is $60.60. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of 24.30 and a beta of 0.59.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in FFEB. Cetera Investment Advisers boosted its stake in FT Vest U.S. Equity Buffer ETF – February by 46.9% in the 1st quarter. Cetera Investment Advisers now owns 396,679 shares of the company’s stock worth $22,155,000 after purchasing an additional 126,694 shares during the period. Assetmark Inc. increased its holdings in FT Vest U.S. Equity Buffer ETF – February by 10.0% during the 1st quarter. Assetmark Inc. now owns 251,507 shares of the company’s stock worth $14,047,000 after purchasing an additional 22,773 shares in the last quarter. Kestra Advisory Services LLC raised its stake in shares of FT Vest U.S. Equity Buffer ETF – February by 24.9% in the 1st quarter. Kestra Advisory Services LLC now owns 159,927 shares of the company’s stock valued at $8,932,000 after purchasing an additional 31,880 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of FT Vest U.S. Equity Buffer ETF – February by 219.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 150,992 shares of the company’s stock valued at $8,549,000 after purchasing an additional 103,768 shares during the period. Finally, Bleakley Financial Group LLC lifted its holdings in shares of FT Vest U.S. Equity Buffer ETF – February by 15.6% in the first quarter. Bleakley Financial Group LLC now owns 44,321 shares of the company’s stock valued at $2,475,000 after purchasing an additional 5,997 shares in the last quarter.

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

The FT Cboe Vest U.S. Equity Buffer ETF – February (FFEB) 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. FFEB was launched on Feb 21, 2020 and is managed by First Trust.