FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) Reaches New 1-Year High – Still a Buy?

FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $52.59 and last traded at $52.58, with a volume of 10708 shares trading hands. The stock had previously closed at $52.29.

FT Vest U.S. Equity Buffer ETF – October Stock Up 0.6%

The firm has a 50 day moving average of $51.79 and a 200-day moving average of $50.01. The company has a market cap of $1.01 billion, a P/E 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 have recently added to or reduced their stakes in the business. Raymond James Financial Inc. raised its holdings in shares of FT Vest U.S. Equity Buffer ETF – October by 2.8% in the 2nd quarter. Raymond James Financial Inc. now owns 603,284 shares of the company’s stock valued at $27,009,000 after purchasing an additional 16,451 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of FT Vest U.S. Equity Buffer ETF – October by 51.7% during the fourth quarter. Cetera Investment Advisers now owns 373,788 shares of the company’s stock valued at $18,312,000 after purchasing an additional 127,413 shares in the last quarter. Assetmark Inc. boosted its stake in shares of FT Vest U.S. Equity Buffer ETF – October by 11.6% during the first quarter. Assetmark Inc. now owns 295,232 shares of the company’s stock valued at $14,077,000 after purchasing an additional 30,594 shares in the last quarter. LPL Financial LLC increased its holdings in FT Vest U.S. Equity Buffer ETF – October by 38.3% during the fourth quarter. LPL Financial LLC now owns 241,423 shares of the company’s stock valued at $11,827,000 after buying an additional 66,911 shares during the period. Finally, Osaic Holdings Inc. increased its holdings in FT Vest U.S. Equity Buffer ETF – October by 8.7% during the fourth quarter. Osaic Holdings Inc. now owns 202,740 shares of the company’s stock valued at $9,932,000 after buying an additional 16,304 shares during the period.

FT Vest U.S. Equity Buffer ETF – October Company Profile

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.