FT Vest U.S. Equity Buffer ETF – September (BATS:FSEP) Hits New 12-Month High – Time to Buy?

FT Vest U.S. Equity Buffer ETF – September (BATS:FSEP) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $51.59 and last traded at $51.6510, with a volume of 10910 shares traded. The stock had previously closed at $51.40.

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

The company’s 50-day moving average price is $51.01 and its two-hundred day moving average price is $49.75. The company has a market capitalization of $905.48 million, a price-to-earnings ratio of 24.69 and a beta of 0.62.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FSEP. Royal Bank of Canada grew its stake in FT Vest U.S. Equity Buffer ETF – September by 3.8% during the first quarter. Royal Bank of Canada now owns 23,154 shares of the company’s stock worth $1,031,000 after purchasing an additional 840 shares during the period. Park Avenue Securities LLC acquired a new position in FT Vest U.S. Equity Buffer ETF – September in the second quarter valued at approximately $204,000. Luken Investment Analytics LLC boosted its holdings in shares of FT Vest U.S. Equity Buffer ETF – September by 11.7% during the 2nd quarter. Luken Investment Analytics LLC now owns 5,456 shares of the company’s stock worth $262,000 after buying an additional 572 shares in the last quarter. Tcfg Wealth Management LLC acquired a new stake in shares of FT Vest U.S. Equity Buffer ETF – September during the 2nd quarter worth approximately $206,000. Finally, MGO One Seven LLC increased its stake in shares of FT Vest U.S. Equity Buffer ETF – September by 14.3% in the 2nd quarter. MGO One Seven LLC now owns 15,199 shares of the company’s stock valued at $730,000 after acquiring an additional 1,897 shares in the last quarter.

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.