FT Vest U.S. Equity Buffer ETF – March (BATS:FMAR) Hits New 12-Month High – Should You Buy?

FT Vest U.S. Equity Buffer ETF – March (BATS:FMAR)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $46.84 and last traded at $47.38, with a volume of 10043 shares trading hands. The stock had previously closed at $46.7799.

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

The stock has a fifty day simple moving average of $46.76 and a two-hundred day simple moving average of $45.87. The stock has a market cap of $944.78 million, a PE ratio of 23.86 and a beta of 0.59.

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

A number of large investors have recently added to or reduced their stakes in FMAR. Envestnet Asset Management Inc. grew its position in shares of FT Vest U.S. Equity Buffer ETF – March by 9.7% during the second quarter. Envestnet Asset Management Inc. now owns 222,233 shares of the company’s stock worth $9,965,000 after buying an additional 19,729 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of FT Vest U.S. Equity Buffer ETF – March by 4.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 14,599 shares of the company’s stock worth $657,000 after purchasing an additional 611 shares during the last quarter. ERn Financial LLC raised its stake in shares of FT Vest U.S. Equity Buffer ETF – March by 17.4% in the 2nd quarter. ERn Financial LLC now owns 7,717 shares of the company’s stock valued at $346,000 after purchasing an additional 1,143 shares in the last quarter. Truist Financial Corp raised its stake in shares of FT Vest U.S. Equity Buffer ETF – March by 2,470.7% in the 2nd quarter. Truist Financial Corp now owns 1,242,612 shares of the company’s stock valued at $55,719,000 after purchasing an additional 1,194,274 shares in the last quarter. Finally, Faithward Advisors LLC lifted its position in shares of FT Vest U.S. Equity Buffer ETF – March by 438.5% during the second quarter. Faithward Advisors LLC now owns 54,819 shares of the company’s stock worth $2,458,000 after purchasing an additional 44,640 shares during the last quarter.

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

The FT Cboe Vest U.S. Equity Buffer ETF – March (FMAR) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for specific buffered losses and capped gains on the SPY over a specific holding period. The actively-managed fund holds options and collateral. FMAR was launched on Mar 19, 2021 and is managed by First Trust.