FT Vest U.S. Equity Buffer ETF – December (BATS:FDEC) Sets New 12-Month High – Here’s Why

FT Vest U.S. Equity Buffer ETF – December (BATS:FDEC) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $51.50 and last traded at $51.6340, with a volume of 76490 shares changing hands. The stock had previously closed at $51.51.

FT Vest U.S. Equity Buffer ETF – December Stock Down 0.1%

The firm has a 50-day moving average price of $50.57 and a 200 day moving average price of $49.10. The firm has a market capitalization of $1.12 billion, a PE ratio of 25.01 and a beta of 0.65.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Envestnet Asset Management Inc. increased its stake in FT Vest U.S. Equity Buffer ETF – December by 5.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 719,210 shares of the company’s stock worth $33,563,000 after buying an additional 34,308 shares during the period. Griffith & Werner Inc. acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – December in the third quarter worth $32,680,000. Grant Private Wealth Management Inc purchased a new stake in shares of FT Vest U.S. Equity Buffer ETF – December during the second quarter worth $28,203,000. Raymond James Financial Inc. increased its position in shares of FT Vest U.S. Equity Buffer ETF – December by 47.4% during the third quarter. Raymond James Financial Inc. now owns 374,639 shares of the company’s stock worth $18,447,000 after acquiring an additional 120,506 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of FT Vest U.S. Equity Buffer ETF – December by 6.7% in the second quarter. Cetera Investment Advisers now owns 372,072 shares of the company’s stock valued at $17,363,000 after acquiring an additional 23,488 shares in the last quarter.

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

The FT Cboe Vest U.S. Equity Buffer ETF – December (FDEC) 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. FDEC was launched on Dec 18, 2020 and is managed by First Trust.