FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Hits New 1-Year High – Time to Buy?

Shares of FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) reached a new 52-week high during trading on Tuesday . The stock traded as high as $55.66 and last traded at $55.57, with a volume of 289183 shares changing hands. The stock had previously closed at $55.62.

FT Vest U.S. Equity Buffer ETF – May Stock Performance

The stock has a market capitalization of $1.04 billion, a P/E ratio of 23.87 and a beta of 0.57. The firm’s fifty day simple moving average is $54.28 and its 200 day simple moving average is $53.65.

Hedge Funds Weigh In On FT Vest U.S. Equity Buffer ETF – May

Several hedge funds have recently bought and sold shares of FMAY. Fifth Third Bancorp bought a new position in FT Vest U.S. Equity Buffer ETF – May in the 1st quarter valued at about $52,000. Beacon Pointe Advisors LLC acquired a new stake in shares of FT Vest U.S. Equity Buffer ETF – May in the 4th quarter valued at approximately $203,000. HBK Sorce Advisory LLC acquired a new stake in shares of FT Vest U.S. Equity Buffer ETF – May in the 4th quarter valued at approximately $205,000. Stonebridge Financial Planning Group LLC acquired a new stake in shares of FT Vest U.S. Equity Buffer ETF – May in the 3rd quarter valued at approximately $207,000. Finally, Creative Planning acquired a new stake in shares of FT Vest U.S. Equity Buffer ETF – May in the 3rd quarter valued at approximately $218,000.

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

The FT Cboe Vest U.S. Equity Buffer ETF – May (FMAY) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses and capped gains on the SPY over a specific holdings period. The actively-managed fund holds options and collateral. FMAY was launched on May 15, 2020 and is managed by First Trust.