FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Reaches New 12-Month High – Still a Buy?

Shares of FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) hit a new 52-week high during trading on Tuesday . The company traded as high as $56.17 and last traded at $56.09, with a volume of 2001 shares. The stock had previously closed at $55.92.

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

The business’s 50 day moving average price is $54.42 and its 200 day moving average price is $53.72. The stock has a market capitalization of $1.05 billion, a P/E ratio of 23.87 and a beta of 0.57.

Institutional Trading of FT Vest U.S. Equity Buffer ETF – May

Several large investors have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC grew its position in FT Vest U.S. Equity Buffer ETF – May by 0.8% during the first quarter. Janney Montgomery Scott LLC now owns 23,021 shares of the company’s stock valued at $1,216,000 after buying an additional 184 shares during the period. Concurrent Investment Advisors LLC grew its holdings in FT Vest U.S. Equity Buffer ETF – May by 2.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 7,936 shares of the company’s stock valued at $424,000 after purchasing an additional 190 shares during the period. Integrated Advisors Network LLC grew its holdings in FT Vest U.S. Equity Buffer ETF – May by 0.5% during the first quarter. Integrated Advisors Network LLC now owns 41,644 shares of the company’s stock valued at $2,199,000 after purchasing an additional 197 shares during the period. Beacon Financial Advisory LLC increased its position in FT Vest U.S. Equity Buffer ETF – May by 2.8% in the fourth quarter. Beacon Financial Advisory LLC now owns 7,710 shares of the company’s stock worth $412,000 after buying an additional 210 shares in the last quarter. Finally, Transcend Capital Advisors LLC increased its position in FT Vest U.S. Equity Buffer ETF – May by 1.4% in the third quarter. Transcend Capital Advisors LLC now owns 16,827 shares of the company’s stock worth $879,000 after buying an additional 225 shares in the last quarter.

About FT Vest U.S. Equity Buffer ETF – May

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.