FT Vest U.S. Equity Buffer ETF – April (BATS:FAPR) Sets New 1-Year High – Still a Buy?

FT Vest U.S. Equity Buffer ETF – April (BATS:FAPR) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $47.89 and last traded at $47.85, with a volume of 5456 shares changing hands. The stock had previously closed at $47.79.

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

The company’s 50 day simple moving average is $47.04 and its 200 day simple moving average is $46.00. The stock has a market cap of $929.13 million, a P/E ratio of 24.36 and a beta of 0.60.

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

Several institutional investors and hedge funds have recently made changes to their positions in the company. MML Investors Services LLC raised its stake in FT Vest U.S. Equity Buffer ETF – April by 895.8% during the 2nd quarter. MML Investors Services LLC now owns 287,067 shares of the company’s stock worth $12,111,000 after buying an additional 258,238 shares during the period. Cetera Investment Advisers grew its stake in FT Vest U.S. Equity Buffer ETF – April by 70.5% in the fourth quarter. Cetera Investment Advisers now owns 285,828 shares of the company’s stock valued at $12,696,000 after acquiring an additional 118,147 shares during the period. BAM Wealth Management LLC acquired a new position in FT Vest U.S. Equity Buffer ETF – April in the second quarter valued at about $4,702,000. Integrity Financial Corp WA grew its stake in FT Vest U.S. Equity Buffer ETF – April by 135.3% in the second quarter. Integrity Financial Corp WA now owns 53,167 shares of the company’s stock valued at $2,485,000 after acquiring an additional 30,572 shares during the period. Finally, Fifth Third Bancorp bought a new stake in shares of FT Vest U.S. Equity Buffer ETF – April in the first quarter worth about $1,296,000.

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

The FT Cboe Vest U.S. Equity Buffer ETF – April (FAPR) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for specific buffered losses and capped gains on the SPY over a specific holding period. The actively-managed fund holds options and collateral. FAPR was launched on Apr 16, 2021 and is managed by First Trust.