FT Vest U.S. Equity Buffer ETF – March (BATS:FMAR) Hits New 52-Week High – Should You Buy?

FT Vest U.S. Equity Buffer ETF – March (BATS:FMAR) hit a new 52-week high during trading on Monday . The stock traded as high as $52.44 and last traded at $52.44, with a volume of 1069 shares traded. The stock had previously closed at $52.30.

FT Vest U.S. Equity Buffer ETF – March Trading Up 0.3%

The stock’s 50 day moving average price is $51.85 and its two-hundred day moving average price is $49.47. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 23.86 and a beta of 0.59.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Assetmark Inc. boosted its stake in shares of FT Vest U.S. Equity Buffer ETF – March by 16.2% during the 4th quarter. Assetmark Inc. now owns 271,438 shares of the company’s stock worth $12,884,000 after acquiring an additional 37,827 shares in the last quarter. IMC Chicago LLC acquired a new position in FT Vest U.S. Equity Buffer ETF – March during the fourth quarter worth $562,000. Rockefeller Capital Management L.P. boosted its position in FT Vest U.S. Equity Buffer ETF – March by 350.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 104,788 shares of the company’s stock worth $4,974,000 after purchasing an additional 81,515 shares in the last quarter. Integrity Alliance LLC. purchased a new stake in FT Vest U.S. Equity Buffer ETF – March during the fourth quarter worth $494,000. Finally, Brookstone Capital Management grew its holdings in FT Vest U.S. Equity Buffer ETF – March by 128.4% in the first quarter. Brookstone Capital Management now owns 25,573 shares of the company’s stock valued at $1,240,000 after purchasing an additional 14,377 shares during the last quarter.

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

The FT Cboe Vest U.S. Equity Buffer ETF – March (FMAR) 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. FMAR was launched on Mar 19, 2021 and is managed by First Trust.