FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Sets New 12-Month High – Here’s Why

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY)’s stock price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $51.32 and last traded at $53.3650, with a volume of 10978 shares trading hands. The stock had previously closed at $51.23.

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

The business has a 50 day simple moving average of $52.61 and a two-hundred day simple moving average of $51.46. The firm has a market capitalization of $1.00 billion, a P/E ratio of 23.87 and a beta of 0.57.

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

Several hedge funds have recently bought and sold shares of the stock. Nova Wealth Management Inc. bought a new position in shares of FT Vest U.S. Equity Buffer ETF – May in the 2nd quarter worth $138,000. United Advisor Group LLC purchased a new position in FT Vest U.S. Equity Buffer ETF – May in the second quarter worth $205,000. Stonebridge Financial Planning Group LLC purchased a new position in FT Vest U.S. Equity Buffer ETF – May in the third quarter worth $207,000. Concurrent Investment Advisors LLC bought a new position in FT Vest U.S. Equity Buffer ETF – May in the second quarter valued at $213,000. Finally, Arkadios Wealth Advisors purchased a new stake in FT Vest U.S. Equity Buffer ETF – May during the second quarter valued at about $215,000.

About FT Vest U.S. Equity Buffer ETF – May

The FT Cboe Vest U.S. Equity Buffer ETF – May (FMAY) 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. FMAY was launched on May 15, 2020 and is managed by First Trust.