FT Vest U.S. Equity Buffer ETF – December (BATS:FDEC) Hits New 52-Week High – Should You Buy?

FT Vest U.S. Equity Buffer ETF – December (BATS:FDEC)’s share price hit a new 52-week high on Monday . The company traded as high as $51.50 and last traded at $51.6340, with a volume of 76490 shares trading hands. The stock had previously closed at $51.51.

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

The company has a 50 day moving average of $50.49 and a 200 day moving average of $49.02. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of 25.01 and a beta of 0.65.

Institutional Inflows and Outflows

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

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.