FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Reaches New 1-Year High – What’s Next?

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $51.32 and last traded at $52.3450, with a volume of 10978 shares. The stock had previously closed at $51.23.

FT Vest U.S. Equity Buffer ETF – May Stock Performance

The company has a 50-day moving average price of $52.27 and a 200-day moving average price of $50.66. The firm has a market capitalization of $975.49 million, a price-to-earnings ratio of 23.87 and a beta of 0.57.

Hedge Funds Weigh In On FT Vest U.S. Equity Buffer ETF – May

Several hedge funds have recently added to or reduced their stakes in FMAY. Truist Financial Corp grew its holdings in shares of FT Vest U.S. Equity Buffer ETF – May by 8.8% during the second quarter. Truist Financial Corp now owns 12,623 shares of the company’s stock worth $632,000 after purchasing an additional 1,019 shares during the last quarter. Keystone Wealth Services LLC boosted its position in shares of FT Vest U.S. Equity Buffer ETF – May by 10.2% in the 2nd quarter. Keystone Wealth Services LLC now owns 178,469 shares of the company’s stock valued at $8,929,000 after purchasing an additional 16,457 shares during the period. Cetera Investment Advisers boosted its position in shares of FT Vest U.S. Equity Buffer ETF – May by 43.2% in the 1st quarter. Cetera Investment Advisers now owns 102,975 shares of the company’s stock valued at $4,755,000 after purchasing an additional 31,045 shares during the period. Novem Group grew its stake in FT Vest U.S. Equity Buffer ETF – May by 30.8% during the 2nd quarter. Novem Group now owns 6,364 shares of the company’s stock worth $318,000 after buying an additional 1,500 shares during the last quarter. Finally, RFG Advisory LLC acquired a new position in FT Vest U.S. Equity Buffer ETF – May during the second quarter worth approximately $463,000.

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

The FT Cboe Vest U.S. Equity Buffer ETF – May (FMAY) 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. FMAY was launched on May 15, 2020 and is managed by First Trust.