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

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as $57.87 and last traded at $57.6710, with a volume of 173 shares traded. The stock had previously closed at $57.32.

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

The firm has a market cap of $1.08 billion, a PE ratio of 23.87 and a beta of 0.57. The firm has a fifty day simple moving average of $56.75 and a two-hundred day simple moving average of $55.40.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FMAY. NewEdge Advisors LLC grew its holdings in shares of FT Vest U.S. Equity Buffer ETF – May by 8.7% in the second quarter. NewEdge Advisors LLC now owns 40,355 shares of the company’s stock valued at $2,019,000 after purchasing an additional 3,242 shares in the last quarter. Raymond James Financial Inc. lifted its position in FT Vest U.S. Equity Buffer ETF – May by 7.4% during the second quarter. Raymond James Financial Inc. now owns 253,436 shares of the company’s stock valued at $12,679,000 after purchasing an additional 17,361 shares during the last quarter. Jane Street Group LLC bought a new position in FT Vest U.S. Equity Buffer ETF – May during the second quarter valued at $1,147,000. Gallagher Fiduciary Advisors LLC purchased a new position in shares of FT Vest U.S. Equity Buffer ETF – May in the 2nd quarter worth $577,000. Finally, MML Investors Services LLC grew its stake in shares of FT Vest U.S. Equity Buffer ETF – May by 31.1% in the 2nd quarter. MML Investors Services LLC now owns 25,424 shares of the company’s stock worth $1,272,000 after buying an additional 6,038 shares in the last quarter.

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.