FT Vest U.S. Equity Buffer ETF – January (BATS:FJAN) Hits New 52-Week High – Time to Buy?

FT Vest U.S. Equity Buffer ETF – January (BATS:FJAN) shares reached a new 52-week high during trading on Monday . The stock traded as high as $50.02 and last traded at $50.26, with a volume of 25712 shares. The stock had previously closed at $49.91.

FT Vest U.S. Equity Buffer ETF – January Stock Up 1.0%

The firm has a 50-day simple moving average of $49.63 and a 200-day simple moving average of $47.25. The stock has a market cap of $1.13 billion, a PE ratio of 24.79 and a beta of 0.57.

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

Several hedge funds and other institutional investors have recently modified their holdings of FJAN. Envestnet Asset Management Inc. boosted its position in shares of FT Vest U.S. Equity Buffer ETF – January by 260.4% in the first quarter. Envestnet Asset Management Inc. now owns 776,812 shares of the company’s stock valued at $34,452,000 after acquiring an additional 561,287 shares during the period. Cetera Investment Advisers lifted its stake in FT Vest U.S. Equity Buffer ETF – January by 270.6% in the 1st quarter. Cetera Investment Advisers now owns 446,757 shares of the company’s stock worth $19,814,000 after purchasing an additional 326,194 shares in the last quarter. Stephens Inc. AR lifted its stake in FT Vest U.S. Equity Buffer ETF – January by 906.9% in the 1st quarter. Stephens Inc. AR now owns 337,202 shares of the company’s stock worth $14,955,000 after purchasing an additional 303,712 shares in the last quarter. Raymond James Financial Inc. lifted its stake in FT Vest U.S. Equity Buffer ETF – January by 50.5% in the 1st quarter. Raymond James Financial Inc. now owns 570,614 shares of the company’s stock worth $25,307,000 after purchasing an additional 191,547 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC purchased a new stake in FT Vest U.S. Equity Buffer ETF – January in the 1st quarter worth approximately $6,868,000.

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

The FT Cboe Vest U.S. Equity Buffer ETF – January (FJAN) is an exchange-traded fund that is based on the SPDR S&P 500 ETF Trust index. 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. FJAN was launched on Jan 15, 2021 and is managed by First Trust.