FT Vest Laddered Nasdaq Buffer ETF (BATS:BUFQ) Stock Price Down 0.4% – Time to Sell?

FT Vest Laddered Nasdaq Buffer ETF (BATS:BUFQ)’s stock price dropped 0.4% during mid-day trading on Tuesday . The stock traded as low as $39.10 and last traded at $39.13. Approximately 89,590 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 181,067 shares. The stock had previously closed at $39.29.

FT Vest Laddered Nasdaq Buffer ETF Stock Down 0.4%

The firm’s 50-day moving average is $38.28 and its 200-day moving average is $36.65. The company has a market capitalization of $1.16 billion, a PE ratio of 30.39 and a beta of 0.72.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC purchased a new position in FT Vest Laddered Nasdaq Buffer ETF in the first quarter worth $64,000. Wedbush Securities Inc. purchased a new position in FT Vest Laddered Nasdaq Buffer ETF in the third quarter worth $297,000. Transcend Capital Advisors LLC grew its position in FT Vest Laddered Nasdaq Buffer ETF by 14.8% in the fourth quarter. Transcend Capital Advisors LLC now owns 13,585 shares of the company’s stock worth $487,000 after acquiring an additional 1,750 shares in the last quarter. Arkadios Wealth Advisors grew its position in FT Vest Laddered Nasdaq Buffer ETF by 38.7% in the fourth quarter. Arkadios Wealth Advisors now owns 25,890 shares of the company’s stock worth $928,000 after acquiring an additional 7,218 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its position in FT Vest Laddered Nasdaq Buffer ETF by 1.6% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 29,921 shares of the company’s stock worth $1,072,000 after acquiring an additional 477 shares in the last quarter.

About FT Vest Laddered Nasdaq Buffer ETF

The FT Cboe Vest Fund of Nasdaq-100 Buffer ETFs (BUFQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund-of-funds that holds a laddered portfolio of FT Cboe Vest Nasdaq-100 Buffer ETFs. BUFQ was launched on Jun 15, 2022 and is managed by First Trust.