FT Vest Laddered Nasdaq Buffer ETF (BATS:BUFQ) Reaches New 12-Month High – Still a Buy?

FT Vest Laddered Nasdaq Buffer ETF (BATS:BUFQ) shares hit a new 52-week high on Monday . The stock traded as high as $38.33 and last traded at $38.30, with a volume of 2376 shares changing hands. The stock had previously closed at $38.25.

FT Vest Laddered Nasdaq Buffer ETF Price Performance

The company has a market cap of $1.14 billion, a P/E ratio of 30.39 and a beta of 0.72. The company’s 50-day moving average is $36.34 and its two-hundred day moving average is $35.87.

Hedge Funds Weigh In On FT Vest Laddered Nasdaq Buffer ETF

A number of hedge funds have recently bought and sold shares of BUFQ. Nations Financial Group Inc. IA ADV raised its position in FT Vest Laddered Nasdaq Buffer ETF by 32.6% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 29,444 shares of the company’s stock worth $1,026,000 after buying an additional 7,240 shares during the last quarter. Arkadios Wealth Advisors raised its position in FT Vest Laddered Nasdaq Buffer ETF by 17.6% in the 3rd quarter. Arkadios Wealth Advisors now owns 18,672 shares of the company’s stock worth $651,000 after buying an additional 2,797 shares during the last quarter. Transcend Capital Advisors LLC raised its position in FT Vest Laddered Nasdaq Buffer ETF by 66.4% in the 3rd quarter. Transcend Capital Advisors LLC now owns 11,835 shares of the company’s stock worth $412,000 after buying an additional 4,723 shares during the last quarter. Wedbush Securities Inc. purchased a new position in FT Vest Laddered Nasdaq Buffer ETF in the 3rd quarter worth about $297,000. Finally, Creative Financial Designs Inc. ADV raised its position in FT Vest Laddered Nasdaq Buffer ETF by 80,368.1% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 133,577 shares of the company’s stock worth $4,787,000 after buying an additional 133,411 shares during 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.