FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Hits New 52-Week High – Here’s Why

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY)’s stock price reached a new 52-week high during trading on Thursday . The company traded as high as $56.65 and last traded at $56.62, with a volume of 22899 shares changing hands. The stock had previously closed at $56.49.

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

The stock has a market capitalization of $1.06 billion, a P/E ratio of 23.87 and a beta of 0.57. The firm’s 50 day moving average price is $55.96 and its 200 day moving average price is $54.57.

Institutional Investors Weigh In On FT Vest U.S. Equity Buffer ETF – May

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its stake in shares of FT Vest U.S. Equity Buffer ETF – May by 8.7% in the 2nd quarter. NewEdge Advisors LLC now owns 40,355 shares of the company’s stock worth $2,019,000 after buying an additional 3,242 shares during the last quarter. Raymond James Financial Inc. raised its stake 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 buying an additional 17,361 shares during the last quarter. Jane Street Group LLC bought a new stake in FT Vest U.S. Equity Buffer ETF – May in the second quarter worth $1,147,000. Gallagher Fiduciary Advisors LLC bought a new stake in FT Vest U.S. Equity Buffer ETF – May in the second 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 second quarter. MML Investors Services LLC now owns 25,424 shares of the company’s stock worth $1,272,000 after acquiring an additional 6,038 shares during the last quarter.

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

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.