FT Vest Laddered Buffer ETF (BATS:BUFR) Hits New 52-Week High – Time to Buy?

Shares of FT Vest Laddered Buffer ETF (BATS:BUFR) reached a new 52-week high during trading on Friday . The company traded as high as $37.49 and last traded at $37.49, with a volume of 26669 shares traded. The stock had previously closed at $37.47.

FT Vest Laddered Buffer ETF Price Performance

The firm’s fifty day moving average price is $36.83 and its 200-day moving average price is $35.73. The firm has a market capitalization of $8.10 billion, a P/E ratio of 24.43 and a beta of 0.61.

Institutional Investors Weigh In On FT Vest Laddered Buffer ETF

A number of institutional investors have recently added to or reduced their stakes in BUFR. Parallel Advisors LLC acquired a new position in shares of FT Vest Laddered Buffer ETF during the 4th quarter valued at $89,000. Gradient Capital Advisors LLC bought a new position in FT Vest Laddered Buffer ETF during the fourth quarter valued at about $219,000. Sunbelt Securities Inc. bought a new position in FT Vest Laddered Buffer ETF during the third quarter valued at about $227,000. MTM Investment Management LLC grew its holdings in FT Vest Laddered Buffer ETF by 138.3% during the first quarter. MTM Investment Management LLC now owns 7,150 shares of the company’s stock worth $241,000 after acquiring an additional 4,150 shares during the period. Finally, Ameriprise Financial Inc. acquired a new position in FT Vest Laddered Buffer ETF during the third quarter worth about $261,000.

About FT Vest Laddered Buffer ETF

The First Trust Cboe Vest Fund of Buffer ETFs (BUFR) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund-of-funds which holds a laddered portfolio of FT Cboe Vest U.S. Equity Buffer ETFs. BUFR was launched on Aug 10, 2020 and is managed by First Trust.