FT Vest U.S. Equity Buffer ETF – November (BATS:FNOV) Sets New 1-Year High – Still a Buy?

FT Vest U.S. Equity Buffer ETF – November (BATS:FNOV)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $59.90 and last traded at $59.90, with a volume of 220 shares traded. The stock had previously closed at $59.79.

FT Vest U.S. Equity Buffer ETF – November Trading Down 0.3%

The firm’s fifty day simple moving average is $58.76 and its two-hundred day simple moving average is $56.86. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 24.11 and a beta of 0.65.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Darwin Wealth Management LLC purchased a new position in FT Vest U.S. Equity Buffer ETF – November in the second quarter worth approximately $73,000. Apollon Wealth Management LLC purchased a new stake in FT Vest U.S. Equity Buffer ETF – November in the first quarter valued at $207,000. Integrity Alliance LLC. purchased a new stake in FT Vest U.S. Equity Buffer ETF – November in the fourth quarter valued at $217,000. Orion Porfolio Solutions LLC acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – November in the 4th quarter valued at $220,000. Finally, Aurora Private Wealth Inc. acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – November in the 4th quarter valued at $225,000.

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

The FT Cboe Vest U.S. Equity Buffer ETF – November (FNOV) 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. FNOV was launched on Nov 15, 2019 and is managed by First Trust.