FT Vest U.S. Equity Buffer ETF – November (BATS:FNOV) Hits New 52-Week High – Still a Buy?

FT Vest U.S. Equity Buffer ETF – November (BATS:FNOV) shares hit a new 52-week high during trading on Thursday . The company traded as high as $58.56 and last traded at $58.56, with a volume of 148 shares trading hands. The stock had previously closed at $58.43.

FT Vest U.S. Equity Buffer ETF – November Stock Up 0.5%

The stock’s 50-day moving average price is $57.24 and its 200 day moving average price is $55.61. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of 24.11 and a beta of 0.65.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Cetera Investment Advisers raised its position in shares of FT Vest U.S. Equity Buffer ETF – November by 60.4% during the fourth quarter. Cetera Investment Advisers now owns 547,574 shares of the company’s stock valued at $30,023,000 after buying an additional 206,182 shares during the last quarter. Raymond James Financial Inc. increased its holdings in FT Vest U.S. Equity Buffer ETF – November by 3.6% in the 2nd quarter. Raymond James Financial Inc. now owns 455,481 shares of the company’s stock valued at $22,824,000 after buying an additional 15,922 shares during the period. LPL Financial LLC increased its holdings in FT Vest U.S. Equity Buffer ETF – November by 19.5% in the 4th quarter. LPL Financial LLC now owns 292,891 shares of the company’s stock valued at $16,059,000 after buying an additional 47,845 shares during the period. Assetmark Inc. increased its holdings in FT Vest U.S. Equity Buffer ETF – November by 11.6% in the 1st quarter. Assetmark Inc. now owns 263,143 shares of the company’s stock valued at $14,051,000 after buying an additional 27,388 shares during the period. Finally, Commonwealth Equity Services LLC increased its holdings in FT Vest U.S. Equity Buffer ETF – November by 17.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 182,235 shares of the company’s stock valued at $9,992,000 after buying an additional 27,515 shares during the period.

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

The FT Cboe Vest U.S. Equity Buffer ETF – November (FNOV) is an exchange-traded fund that mostly invests in large cap equity. 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. FNOV was launched on Nov 15, 2019 and is managed by First Trust.