Brown Advisory Inc. Invests $274,000 in FT Vest U.S. Equity Buffer ETF – December (BATS:FDEC)

Brown Advisory Inc. bought a new position in FT Vest U.S. Equity Buffer ETF – December (BATS:FDEC) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,316 shares of the company’s stock, valued at approximately $274,000.

Other hedge funds also recently made changes to their positions in the company. Park Square Financial Group LLC acquired a new stake in shares of FT Vest U.S. Equity Buffer ETF – December in the fourth quarter valued at about $25,000. Summit Investment Advisors Inc. lifted its stake in shares of FT Vest U.S. Equity Buffer ETF – December by 400.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 1,000 shares of the company’s stock valued at $45,000 after purchasing an additional 800 shares during the period. GeoWealth Management LLC acquired a new stake in shares of FT Vest U.S. Equity Buffer ETF – December in the fourth quarter valued at about $64,000. Aptus Capital Advisors LLC lifted its stake in shares of FT Vest U.S. Equity Buffer ETF – December by 33.3% in the fourth quarter. Aptus Capital Advisors LLC now owns 2,000 shares of the company’s stock valued at $89,000 after purchasing an additional 500 shares during the period. Finally, Creative Financial Designs Inc. ADV acquired a new stake in shares of FT Vest U.S. Equity Buffer ETF – December in the first quarter valued at about $180,000.

FT Vest U.S. Equity Buffer ETF – December Stock Up 5.7%

Shares of BATS FDEC opened at $46.98 on Thursday. FT Vest U.S. Equity Buffer ETF – December has a 52 week low of $39.42 and a 52 week high of $47.17. The firm has a 50-day moving average price of $45.66 and a 200 day moving average price of $44.57. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 25.01 and a beta of 0.65.

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