FT Vest U.S. Equity Buffer ETF – January (BATS:FJAN) Sets New 52-Week High – Should You Buy?

FT Vest U.S. Equity Buffer ETF – January (BATS:FJAN) shares hit a new 52-week high on Monday . The stock traded as high as $50.0245 and last traded at $50.6690, with a volume of 25712 shares traded. The stock had previously closed at $49.9051.

FT Vest U.S. Equity Buffer ETF – January Price Performance

The firm has a market cap of $1.13 billion, a P/E ratio of 24.79 and a beta of 0.57. The company’s 50-day simple moving average is $50.05 and its 200 day simple moving average is $48.10.

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

A number of institutional investors and hedge funds have recently modified their holdings of FJAN. JPMorgan Chase & Co. raised its holdings in FT Vest U.S. Equity Buffer ETF – January by 416.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,961 shares of the company’s stock valued at $249,000 after buying an additional 4,000 shares during the period. Uniting Wealth Partners LLC bought a new stake in shares of FT Vest U.S. Equity Buffer ETF – January in the 3rd quarter worth about $221,000. Assetmark Inc. boosted its stake in shares of FT Vest U.S. Equity Buffer ETF – January by 13.6% during the 3rd quarter. Assetmark Inc. now owns 219,976 shares of the company’s stock worth $11,033,000 after purchasing an additional 26,288 shares during the period. 1776 Wealth LLC boosted its stake in shares of FT Vest U.S. Equity Buffer ETF – January by 3.7% during the 3rd quarter. 1776 Wealth LLC now owns 57,961 shares of the company’s stock worth $2,907,000 after purchasing an additional 2,044 shares during the period. Finally, Atria Investments Inc raised its position in FT Vest U.S. Equity Buffer ETF – January by 170.0% in the 3rd quarter. Atria Investments Inc now owns 120,399 shares of the company’s stock worth $6,039,000 after purchasing an additional 75,808 shares during the period.

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

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.