FT Vest Laddered Deep Buffer ETF (BATS:BUFD) Hits New 52-Week High – Still a Buy?

FT Vest Laddered Deep Buffer ETF (BATS:BUFD)’s stock price hit a new 52-week high on Thursday . The stock traded as high as $29.83 and last traded at $29.82, with a volume of 89613 shares changing hands. The stock had previously closed at $29.76.

FT Vest Laddered Deep Buffer ETF Price Performance

The business’s 50 day simple moving average is $29.54 and its 200 day simple moving average is $28.79. The stock has a market cap of $1.49 billion, a P/E ratio of 24.83 and a beta of 0.41.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. bought a new position in FT Vest Laddered Deep Buffer ETF in the third quarter valued at $1,182,000. Royal Bank of Canada grew its position 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 worth $15,347,000 after buying an additional 35,516 shares in the last quarter. Legacy Financial Group LLC raised its position in shares of FT Vest Laddered Deep Buffer ETF by 1.1% in the 4th quarter. Legacy Financial Group LLC now owns 1,987,567 shares of the company’s stock valued at $56,407,000 after buying an additional 22,157 shares in the last quarter. Twin Peaks Wealth Advisors LLC raised its holdings in shares of FT Vest Laddered Deep Buffer ETF by 123.9% during the 4th quarter. Twin Peaks Wealth Advisors LLC now owns 30,568 shares of the company’s stock worth $872,000 after buying an additional 16,915 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in FT Vest Laddered Deep Buffer ETF in the 2nd quarter valued at approximately $463,000.

FT Vest Laddered Deep Buffer ETF Company Profile

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.