FT Vest U.S. Equity Buffer ETF – August (BATS:FAUG) Reaches New 52-Week High – Should You Buy?

Shares of FT Vest U.S. Equity Buffer ETF – August (BATS:FAUG) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $57.39 and last traded at $57.35, with a volume of 11158 shares trading hands. The stock had previously closed at $57.34.

FT Vest U.S. Equity Buffer ETF – August Price Performance

The firm has a 50-day simple moving average of $56.44 and a two-hundred day simple moving average of $54.63. The company has a market cap of $1.09 billion, a PE ratio of 24.22 and a beta of 0.63.

Institutional Trading of FT Vest U.S. Equity Buffer ETF – August

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wealthcare Advisory Partners LLC raised its stake in FT Vest U.S. Equity Buffer ETF – August by 4.6% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 245,697 shares of the company’s stock valued at $13,883,000 after purchasing an additional 10,726 shares during the last quarter. CoreCap Advisors LLC boosted its stake in shares of FT Vest U.S. Equity Buffer ETF – August by 2.5% during the 2nd quarter. CoreCap Advisors LLC now owns 14,121 shares of the company’s stock worth $798,000 after purchasing an additional 347 shares during the last quarter. Gateway Wealth Partners LLC acquired a new stake in shares of FT Vest U.S. Equity Buffer ETF – August during the 1st quarter worth about $345,000. Assetmark Inc. grew its holdings in shares of FT Vest U.S. Equity Buffer ETF – August by 11.2% during the first quarter. Assetmark Inc. now owns 271,086 shares of the company’s stock worth $14,038,000 after buying an additional 27,228 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its holdings in shares of FT Vest U.S. Equity Buffer ETF – August by 18.3% during the first quarter. Kestra Advisory Services LLC now owns 112,826 shares of the company’s stock worth $5,842,000 after buying an additional 17,488 shares in the last quarter.

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

The FT Cboe Vest U.S. Equity Buffer ETF – August (FAUG) 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. FAUG was launched on Nov 6, 2019 and is managed by First Trust.