FT Vest U.S. Equity Buffer ETF – April (BATS:FAPR) Reaches New 1-Year High – Still a Buy?

Shares of FT Vest U.S. Equity Buffer ETF – April (BATS:FAPR) hit a new 52-week high during trading on Monday . The company traded as high as $43.5040 and last traded at $44.4190, with a volume of 14144 shares. The stock had previously closed at $43.44.

FT Vest U.S. Equity Buffer ETF – April Stock Up 2.3%

The company has a 50 day moving average of $43.94 and a 200 day moving average of $43.23. The firm has a market cap of $864.18 million, a price-to-earnings ratio of 24.36 and a beta of 0.60.

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

Several institutional investors have recently added to or reduced their stakes in FAPR. MML Investors Services LLC lifted its holdings in shares of FT Vest U.S. Equity Buffer ETF – April by 895.8% in the 2nd quarter. MML Investors Services LLC now owns 287,067 shares of the company’s stock worth $12,111,000 after purchasing an additional 258,238 shares during the last quarter. Stephens Inc. AR increased its position in FT Vest U.S. Equity Buffer ETF – April by 64.6% in the second quarter. Stephens Inc. AR now owns 208,165 shares of the company’s stock worth $8,782,000 after buying an additional 81,727 shares during the period. REAP Financial Group LLC lifted its stake in FT Vest U.S. Equity Buffer ETF – April by 79.5% in the second quarter. REAP Financial Group LLC now owns 165,439 shares of the company’s stock valued at $6,980,000 after buying an additional 73,252 shares during the last quarter. Assetmark Inc. lifted its stake in FT Vest U.S. Equity Buffer ETF – April by 34.7% in the second quarter. Assetmark Inc. now owns 216,720 shares of the company’s stock valued at $9,143,000 after buying an additional 55,885 shares during the last quarter. Finally, Harbour Investments Inc. boosted its holdings in shares of FT Vest U.S. Equity Buffer ETF – April by 401.9% during the second quarter. Harbour Investments Inc. now owns 49,453 shares of the company’s stock valued at $2,086,000 after acquiring an additional 39,599 shares during the period.

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

The FT Cboe Vest U.S. Equity Buffer ETF – April (FAPR) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for specific buffered losses and capped gains on the SPY over a specific holding period. The actively-managed fund holds options and collateral. FAPR was launched on Apr 16, 2021 and is managed by First Trust.