FT Vest U.S. Equity Buffer ETF – November (BATS:FNOV) Reaches New 1-Year High – Should You Buy?

FT Vest U.S. Equity Buffer ETF – November (BATS:FNOV)’s stock price reached a new 52-week high on Monday . The company traded as high as $58.65 and last traded at $58.65, with a volume of 2171 shares changing hands. The stock had previously closed at $58.42.

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

The stock’s 50-day moving average is $57.92 and its 200-day moving average is $55.97. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 24.11 and a beta of 0.65.

Institutional Investors Weigh In On FT Vest U.S. Equity Buffer ETF – November

A number of hedge funds and other institutional investors have recently made changes to their positions in FNOV. CoreCap Advisors LLC lifted its position in FT Vest U.S. Equity Buffer ETF – November by 2.6% during the second quarter. CoreCap Advisors LLC now owns 13,674 shares of the company’s stock worth $800,000 after buying an additional 341 shares during the period. Cornerstone Wealth LLC TN acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – November during the 1st quarter valued at about $376,000. Royal Bank of Canada increased its stake in shares of FT Vest U.S. Equity Buffer ETF – November by 12.8% during the 1st quarter. Royal Bank of Canada now owns 13,049 shares of the company’s stock valued at $697,000 after acquiring an additional 1,476 shares during the last quarter. Gateway Wealth Partners LLC purchased a new position in shares of FT Vest U.S. Equity Buffer ETF – November during the 1st quarter worth about $345,000. Finally, Assetmark Inc. lifted its holdings in shares of FT Vest U.S. Equity Buffer ETF – November by 11.6% during the 1st quarter. Assetmark Inc. now owns 263,143 shares of the company’s stock worth $14,051,000 after acquiring an additional 27,388 shares during the period.

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

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.