FT Vest U.S. Equity Buffer ETF – August (BATS:FAUG) Reaches New 52-Week High – What’s Next?

FT Vest U.S. Equity Buffer ETF – August (BATS:FAUG) hit a new 52-week high on Friday . The stock traded as high as $57.57 and last traded at $57.56, with a volume of 5351 shares traded. The stock had previously closed at $57.51.

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

The company has a market cap of $1.10 billion, a price-to-earnings ratio of 24.22 and a beta of 0.63. The firm’s fifty day moving average price is $56.77 and its 200-day moving average price is $54.95.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN bought a new position in FT Vest U.S. Equity Buffer ETF – August in the 4th quarter worth about $47,000. Great Diamond Partners LLC acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – August during the fourth quarter worth approximately $204,000. LVZ Inc. acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – August during the fourth quarter worth approximately $207,000. Private Advisor Group LLC acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – August during the third quarter worth approximately $215,000. Finally, Csenge Advisory Group bought a new position in FT Vest U.S. Equity Buffer ETF – August in the 4th quarter worth approximately $239,000.

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

The FT Cboe Vest U.S. Equity Buffer ETF – August (FAUG) 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. FAUG was launched on Nov 6, 2019 and is managed by First Trust.