FT Vest U.S. Equity Buffer ETF – January (BATS:FJAN) Reaches New 52-Week High – Still a Buy?

FT Vest U.S. Equity Buffer ETF – January (BATS:FJAN)’s share price hit a new 52-week high on Tuesday . The company traded as high as $54.54 and last traded at $54.44, with a volume of 17223 shares traded. The stock had previously closed at $54.44.

FT Vest U.S. Equity Buffer ETF – January Stock Performance

The stock’s fifty day moving average price is $51.98 and its two-hundred day moving average price is $51.65. The company has a market cap of $1.22 billion, a P/E ratio of 24.79 and a beta of 0.57.

Hedge Funds Weigh In On FT Vest U.S. Equity Buffer ETF – January

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Grant Street Asset Management Inc. lifted its stake in FT Vest U.S. Equity Buffer ETF – January by 9.1% in the 1st quarter. Grant Street Asset Management Inc. now owns 8,583 shares of the company’s stock valued at $433,000 after purchasing an additional 719 shares during the last quarter. World Equity Group Inc. bought a new position in FT Vest U.S. Equity Buffer ETF – January in the 1st quarter valued at approximately $594,000. Assetmark Inc. lifted its stake in FT Vest U.S. Equity Buffer ETF – January by 11.1% in the 1st quarter. Assetmark Inc. now owns 280,123 shares of the company’s stock valued at $14,121,000 after purchasing an additional 27,894 shares during the last quarter. Sanctuary Advisors LLC lifted its stake in FT Vest U.S. Equity Buffer ETF – January by 58.5% in the 1st quarter. Sanctuary Advisors LLC now owns 10,418 shares of the company’s stock valued at $525,000 after purchasing an additional 3,847 shares during the last quarter. Finally, Sigma Planning Corp bought a new position in FT Vest U.S. Equity Buffer ETF – January in the 1st quarter valued at approximately $3,550,000.

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

The FT Cboe Vest U.S. Equity Buffer ETF – January (FJAN) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. The fund aims for specific buffered losses and capped gains on SPY ETF over a specific holdings period. The actively-managed fund holds options and collateral. FJAN was launched on Jan 15, 2021 and is managed by First Trust.