FT Vest Laddered Deep Buffer ETF (BATS:BUFD) Hits New 1-Year High – Time to Buy?

Shares of FT Vest Laddered Deep Buffer ETF (BATS:BUFD) hit a new 52-week high on Tuesday. The company traded as high as $30.64 and last traded at $30.6140, with a volume of 8975 shares changing hands. The stock had previously closed at $30.57.

FT Vest Laddered Deep Buffer ETF Stock Performance

The firm’s 50-day moving average is $30.30 and its 200 day moving average is $29.63. The firm has a market capitalization of $1.53 billion, a PE ratio of 24.83 and a beta of 0.41.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC raised its position in shares of FT Vest Laddered Deep Buffer ETF by 10.4% in the first quarter. Janney Montgomery Scott LLC now owns 28,549 shares of the company’s stock valued at $799,000 after buying an additional 2,680 shares during the last quarter. CoreCap Advisors LLC boosted its position in FT Vest Laddered Deep Buffer ETF by 41.2% during the second quarter. CoreCap Advisors LLC now owns 13,230 shares of the company’s stock worth $393,000 after acquiring an additional 3,860 shares during the last quarter. Arkadios Wealth Advisors grew its stake in 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 worth $1,605,000 after acquiring an additional 6,945 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in FT Vest Laddered Deep Buffer ETF in the 2nd quarter worth 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.