FT Vest U.S. Equity Buffer ETF – November (BATS:FNOV) Hits New 52-Week High – Here’s Why

Shares of FT Vest U.S. Equity Buffer ETF – November (BATS:FNOV) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $59.90 and last traded at $59.90, with a volume of 220 shares. The stock had previously closed at $59.79.

FT Vest U.S. Equity Buffer ETF – November Trading Up 0.4%

The company has a 50 day simple moving average of $58.68 and a 200-day simple moving average of $56.80. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 24.11 and a beta of 0.65.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Darwin Wealth Management LLC bought a new stake in FT Vest U.S. Equity Buffer ETF – November in the 2nd quarter valued at approximately $73,000. Apollon Wealth Management LLC bought a new position in shares of FT Vest U.S. Equity Buffer ETF – November during the 1st quarter worth approximately $207,000. Integrity Alliance LLC. bought a new position in shares of FT Vest U.S. Equity Buffer ETF – November during the 4th quarter worth approximately $217,000. Orion Porfolio Solutions LLC acquired a new stake in shares of FT Vest U.S. Equity Buffer ETF – November in the fourth quarter valued at approximately $220,000. Finally, Aurora Private Wealth Inc. acquired a new stake in shares of FT Vest U.S. Equity Buffer ETF – November in the fourth quarter valued at approximately $225,000.

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

The FT Cboe Vest U.S. Equity Buffer ETF – November (FNOV) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses and capped gains on SPY ETF over a specific holdings period. The actively-managed fund holds options and collateral. FNOV was launched on Nov 15, 2019 and is managed by First Trust.