FT Vest Laddered Nasdaq Buffer ETF (BATS:BUFQ) Sets New 1-Year High – Still a Buy?

FT Vest Laddered Nasdaq Buffer ETF (BATS:BUFQ) hit a new 52-week high on Monday . The stock traded as high as $35.02 and last traded at $35.6910, with a volume of 82425 shares trading hands. The stock had previously closed at $34.88.

FT Vest Laddered Nasdaq Buffer ETF Stock Performance

The firm has a 50 day simple moving average of $35.10 and a 200 day simple moving average of $34.03. The firm has a market cap of $1.05 billion, a P/E ratio of 30.39 and a beta of 0.72.

Institutional Investors Weigh In On FT Vest Laddered Nasdaq Buffer ETF

Large investors have recently added to or reduced their stakes in the company. Wedbush Securities Inc. purchased a new position in shares of FT Vest Laddered Nasdaq Buffer ETF in the 3rd quarter worth about $297,000. Transcend Capital Advisors LLC lifted its holdings in shares of FT Vest Laddered Nasdaq Buffer ETF by 66.4% in the 3rd quarter. Transcend Capital Advisors LLC now owns 11,835 shares of the company’s stock worth $412,000 after acquiring an additional 4,723 shares during the last quarter. Arkadios Wealth Advisors boosted its stake in shares of FT Vest Laddered Nasdaq Buffer ETF by 2.2% in the 2nd quarter. Arkadios Wealth Advisors now owns 15,875 shares of the company’s stock valued at $527,000 after purchasing an additional 338 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of FT Vest Laddered Nasdaq Buffer ETF by 132.9% in the second quarter. Janney Montgomery Scott LLC now owns 22,827 shares of the company’s stock worth $758,000 after buying an additional 13,027 shares during the period. Finally, Nations Financial Group Inc. IA ADV increased its stake in shares of FT Vest Laddered Nasdaq Buffer ETF by 32.6% in the third quarter. Nations Financial Group Inc. IA ADV now owns 29,444 shares of the company’s stock worth $1,026,000 after buying an additional 7,240 shares during the period.

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.