FT Vest Laddered Buffer ETF (BATS:BUFR) Stock Price Breaks Below 50-Day Moving Average – What’s Next?

FT Vest Laddered Buffer ETF (BATS:BUFR) shares crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $37.55 and traded as low as $37.39. FT Vest Laddered Buffer ETF shares last traded at $37.50, with a volume of 1,309,905 shares traded.

FT Vest Laddered Buffer ETF Price Performance

The firm has a market capitalization of $10.99 billion, a price-to-earnings ratio of 24.43 and a beta of 0.61. The stock has a 50 day moving average price of $37.55 and a two-hundred day moving average price of $36.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BUFR. Legacy Financial Group LLC increased its stake in FT Vest Laddered Buffer ETF by 6.7% during the 3rd quarter. Legacy Financial Group LLC now owns 1,149,352 shares of the company’s stock worth $43,066,000 after buying an additional 71,952 shares during the period. Prime Capital Investment Advisors LLC boosted its position in FT Vest Laddered Buffer ETF by 34.3% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 809,364 shares of the company’s stock valued at $30,327,000 after buying an additional 206,732 shares during the period. Holos Integrated Wealth LLC increased its position in shares of FT Vest Laddered Buffer ETF by 5.0% during the third quarter. Holos Integrated Wealth LLC now owns 641,174 shares of the company’s stock worth $24,166,000 after acquiring an additional 30,798 shares during the period. Symphony Financial Services Inc. increased its position in shares of FT Vest Laddered Buffer ETF by 5.5% during the first quarter. Symphony Financial Services Inc. now owns 491,555 shares of the company’s stock worth $16,600,000 after acquiring an additional 25,733 shares during the period. Finally, Arkadios Wealth Advisors raised its stake in shares of FT Vest Laddered Buffer ETF by 99.3% in the first quarter. Arkadios Wealth Advisors now owns 415,315 shares of the company’s stock valued at $14,025,000 after acquiring an additional 206,911 shares in the last quarter.

About FT Vest Laddered Buffer ETF

The First Trust Cboe Vest Fund of Buffer ETFs (BUFR) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund-of-funds which holds a laddered portfolio of FT Cboe Vest U.S. Equity Buffer ETFs. BUFR was launched on Aug 10, 2020 and is managed by First Trust.