FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) Hits New 1-Year High – Here’s Why

FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT)’s share price reached a new 52-week high on Wednesday. The company traded as high as $54.98 and last traded at $54.84, with a volume of 319,126 shares trading hands. The stock had previously closed at $54.73.

FT Vest U.S. Equity Buffer ETF – October Trading Down 0.7%

The firm’s 50 day simple moving average is $54.04 and its 200-day simple moving average is $52.57. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 24.45 and a beta of 0.62.

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

A number of hedge funds and other institutional investors have recently modified their holdings of FOCT. NFSG Corp bought a new stake in FT Vest U.S. Equity Buffer ETF – October during the third quarter worth about $32,000. Triumph Capital Management bought a new position in FT Vest U.S. Equity Buffer ETF – October in the third quarter valued at approximately $77,000. Money Concepts Capital Corp bought a new position in FT Vest U.S. Equity Buffer ETF – October in the first quarter valued at approximately $203,000. Boomfish Wealth Group LLC bought a new position in FT Vest U.S. Equity Buffer ETF – October in the third quarter valued at approximately $212,000. Finally, Grantvest Financial Group LLC bought a new position in FT Vest U.S. Equity Buffer ETF – October in the third quarter valued at approximately $243,000.

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

The FT Cboe Vest U.S. Equity Buffer ETF – October (FOCT) 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. FOCT was launched on Oct 16, 2020 and is managed by First Trust.