FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Reaches New 12-Month High – Here’s Why

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $56.61 and last traded at $56.58, with a volume of 7442 shares trading hands. The stock had previously closed at $56.44.

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

The company’s 50-day simple moving average is $55.87 and its 200 day simple moving average is $54.49. The firm has a market cap of $1.06 billion, a P/E ratio of 23.87 and a beta of 0.57.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp bought a new stake in shares of FT Vest U.S. Equity Buffer ETF – May during the first quarter worth $52,000. Beacon Pointe Advisors LLC purchased a new position in FT Vest U.S. Equity Buffer ETF – May in the 4th quarter worth about $203,000. HBK Sorce Advisory LLC purchased a new position in FT Vest U.S. Equity Buffer ETF – May in the 4th quarter worth about $205,000. Allen Capital Group LLC bought a new stake in FT Vest U.S. Equity Buffer ETF – May during the 1st quarter valued at about $207,000. Finally, Stonebridge Financial Planning Group LLC bought a new stake in FT Vest U.S. Equity Buffer ETF – May during the 3rd quarter valued at about $207,000.

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.