FT Vest Laddered Deep Buffer ETF (BATS:BUFD) Reaches New 1-Year High – Still a Buy?

FT Vest Laddered Deep Buffer ETF (BATS:BUFD) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $29.81 and last traded at $29.76, with a volume of 10230 shares traded. The stock had previously closed at $29.72.

FT Vest Laddered Deep Buffer ETF Price Performance

The firm has a fifty day moving average of $29.47 and a two-hundred day moving average of $28.74. The stock has a market capitalization of $1.49 billion, a P/E ratio of 24.83 and a beta of 0.41.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BUFD. Arkadios Wealth Advisors raised its holdings in shares of FT Vest Laddered Deep Buffer ETF by 13.8% in the 1st quarter. Arkadios Wealth Advisors now owns 57,321 shares of the company’s stock valued at $1,605,000 after purchasing an additional 6,945 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of FT Vest Laddered Deep Buffer ETF by 10.4% during the first quarter. Janney Montgomery Scott LLC now owns 28,549 shares of the company’s stock valued at $799,000 after purchasing an additional 2,680 shares in the last quarter. Advisory Services Network LLC increased its holdings in FT Vest Laddered Deep Buffer ETF by 0.7% during the fourth quarter. Advisory Services Network LLC now owns 181,903 shares of the company’s stock valued at $5,137,000 after buying an additional 1,224 shares during the period. Royal Bank of Canada increased its holdings in FT Vest Laddered Deep Buffer ETF by 7.0% during the fourth quarter. Royal Bank of Canada now owns 543,461 shares of the company’s stock valued at $15,347,000 after buying an additional 35,516 shares during the period. Finally, Wedbush Securities Inc. raised its stake in FT Vest Laddered Deep Buffer ETF by 2.6% in the fourth quarter. Wedbush Securities Inc. now owns 221,908 shares of the company’s stock worth $6,267,000 after buying an additional 5,718 shares in the last quarter.

About FT Vest Laddered Deep Buffer ETF

The FT Cboe Vest Fund of Deep Buffer ETFs (BUFD) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed fund-of-funds that holds a laddered portfolio of FT Cboe Vest U.S. Equity Deep Buffer ETFs. BUFD was launched on Jan 20, 2021 and is managed by First Trust.