FT Vest U.S. Equity Buffer ETF – September (BATS:FSEP) Hits New 52-Week High – Here’s Why

FT Vest U.S. Equity Buffer ETF – September (BATS:FSEP)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as $51.59 and last traded at $51.5510, with a volume of 10910 shares trading hands. The stock had previously closed at $51.40.

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

The firm has a market cap of $905.66 million, a PE ratio of 24.69 and a beta of 0.62. The stock has a 50 day moving average price of $51.41 and a two-hundred day moving average price of $50.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. lifted its stake in shares of FT Vest U.S. Equity Buffer ETF – September by 247.8% during the third quarter. JPMorgan Chase & Co. now owns 1,391 shares of the company’s stock worth $70,000 after buying an additional 991 shares during the period. Evolution Wealth Management Inc. purchased a new position in FT Vest U.S. Equity Buffer ETF – September in the 2nd quarter worth $136,000. Avion Wealth acquired a new stake in FT Vest U.S. Equity Buffer ETF – September during the 2nd quarter worth about $189,000. Navis Wealth Advisors LLC purchased a new stake in FT Vest U.S. Equity Buffer ETF – September during the 3rd quarter valued at about $200,000. Finally, Core Wealth Partners LLC acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – September in the third quarter valued at about $201,000.

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

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