FT Vest U.S. Equity Buffer ETF – April (BATS:FAPR) Sets New 1-Year High – Time to Buy?

FT Vest U.S. Equity Buffer ETF – April (BATS:FAPR)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $43.5040 and last traded at $43.6150, with a volume of 14144 shares. The stock had previously closed at $43.44.

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

The firm has a fifty day simple moving average of $43.57 and a 200 day simple moving average of $42.67. The company has a market capitalization of $849.97 million, a PE ratio of 24.36 and a beta of 0.60.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MML Investors Services LLC raised its holdings in shares of FT Vest U.S. Equity Buffer ETF – April by 895.8% in the 2nd quarter. MML Investors Services LLC now owns 287,067 shares of the company’s stock valued at $12,111,000 after purchasing an additional 258,238 shares in the last quarter. Raymond James Financial Inc. increased its holdings in FT Vest U.S. Equity Buffer ETF – April by 6.8% during the second quarter. Raymond James Financial Inc. now owns 258,097 shares of the company’s stock valued at $10,889,000 after buying an additional 16,543 shares during the period. Assetmark Inc. raised its stake in FT Vest U.S. Equity Buffer ETF – April by 14.4% in the third quarter. Assetmark Inc. now owns 248,017 shares of the company’s stock worth $10,790,000 after buying an additional 31,297 shares in the last quarter. Stephens Inc. AR lifted its holdings in FT Vest U.S. Equity Buffer ETF – April by 64.6% during the second quarter. Stephens Inc. AR now owns 208,165 shares of the company’s stock worth $8,782,000 after buying an additional 81,727 shares during the period. Finally, REAP Financial Group LLC boosted its position in FT Vest U.S. Equity Buffer ETF – April by 79.5% during the 2nd quarter. REAP Financial Group LLC now owns 165,439 shares of the company’s stock valued at $6,980,000 after acquiring an additional 73,252 shares in the last quarter.

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

The FT Cboe Vest U.S. Equity Buffer ETF – April (FAPR) 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 the SPY over a specific holding period. The actively-managed fund holds options and collateral. FAPR was launched on Apr 16, 2021 and is managed by First Trust.