FT Vest U.S. Equity Buffer ETF – December (BATS:FDEC) Reaches New 1-Year High – Time to Buy?

Shares of FT Vest U.S. Equity Buffer ETF – December (BATS:FDEC) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $49.97 and last traded at $50.5810, with a volume of 30010 shares traded. The stock had previously closed at $49.3265.

FT Vest U.S. Equity Buffer ETF – December Stock Up 2.5%

The business has a fifty day moving average price of $49.70 and a 200-day moving average price of $48.09. The company has a market cap of $1.10 billion, a P/E ratio of 25.01 and a beta of 0.65.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FDEC. Griffith & Werner Inc. bought a new position in FT Vest U.S. Equity Buffer ETF – December during the 3rd quarter worth $32,680,000. Grant Private Wealth Management Inc acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – December in the second quarter valued at about $28,203,000. Raymond James Financial Inc. increased its position in FT Vest U.S. Equity Buffer ETF – December by 47.4% during the third quarter. Raymond James Financial Inc. now owns 374,639 shares of the company’s stock worth $18,447,000 after acquiring an additional 120,506 shares during the period. BAM Wealth Management LLC bought a new position in FT Vest U.S. Equity Buffer ETF – December during the third quarter worth about $4,609,000. Finally, Atria Investments Inc raised its stake in FT Vest U.S. Equity Buffer ETF – December by 173.6% in the 3rd quarter. Atria Investments Inc now owns 126,307 shares of the company’s stock worth $6,219,000 after purchasing an additional 80,136 shares in the last quarter.

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

The FT Cboe Vest U.S. Equity Buffer ETF – December (FDEC) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses and capped gains on SPY ETF over a specific holdings period. The actively-managed fund holds options and collateral. FDEC was launched on Dec 18, 2020 and is managed by First Trust.