FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) Sets New 12-Month High – Should You Buy?

Shares of FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) reached a new 52-week high on Thursday . The company traded as high as $53.74 and last traded at $53.74, with a volume of 156 shares traded. The stock had previously closed at $53.59.

FT Vest U.S. Equity Buffer ETF – October Stock Up 0.1%

The company’s fifty day moving average is $52.73 and its two-hundred day moving average is $50.98. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 24.45 and a beta of 0.62.

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

A number of hedge funds and other institutional investors have recently modified their holdings of FOCT. Raymond James Financial Inc. grew its stake in shares of FT Vest U.S. Equity Buffer ETF – October by 2.8% during the second quarter. Raymond James Financial Inc. now owns 603,284 shares of the company’s stock worth $27,009,000 after purchasing an additional 16,451 shares in the last quarter. Cetera Investment Advisers increased its holdings in FT Vest U.S. Equity Buffer ETF – October by 51.7% in the fourth quarter. Cetera Investment Advisers now owns 373,788 shares of the company’s stock valued at $18,312,000 after buying an additional 127,413 shares during the last quarter. Assetmark Inc. raised its stake in FT Vest U.S. Equity Buffer ETF – October by 11.6% in the first quarter. Assetmark Inc. now owns 295,232 shares of the company’s stock valued at $14,077,000 after buying an additional 30,594 shares in the last quarter. LPL Financial LLC raised its stake in FT Vest U.S. Equity Buffer ETF – October by 38.3% in the fourth quarter. LPL Financial LLC now owns 241,423 shares of the company’s stock valued at $11,827,000 after buying an additional 66,911 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its holdings in FT Vest U.S. Equity Buffer ETF – October by 8.7% during the 4th quarter. Osaic Holdings Inc. now owns 202,740 shares of the company’s stock worth $9,932,000 after buying an additional 16,304 shares during the last quarter.

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

The FT Cboe Vest U.S. Equity Buffer ETF – October (FOCT) 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. FOCT was launched on Oct 16, 2020 and is managed by First Trust.