FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT) Hits New 12-Month High – Still a Buy?

by · The Cerbat Gem

FT Vest U.S. Equity Buffer ETF – October (BATS:FOCT – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $48.88 and last traded at $49.4540, with a volume of 16024 shares trading hands. The stock had previously closed at $48.71.

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

The firm has a fifty day simple moving average of $48.66 and a 200-day simple moving average of $47.23. The firm has a market cap of $947.80 million, a P/E ratio of 24.45 and a beta of 0.62.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FOCT. J.W. Cole Advisors Inc. boosted its stake in FT Vest U.S. Equity Buffer ETF – October by 3.6% during the second quarter. J.W. Cole Advisors Inc. now owns 8,223 shares of the company’s stock valued at $368,000 after buying an additional 283 shares during the period. Fragasso Financial Advisors Inc raised its holdings in shares of FT Vest U.S. Equity Buffer ETF – October by 0.9% in the 2nd quarter. Fragasso Financial Advisors Inc now owns 40,918 shares of the company’s stock valued at $1,832,000 after acquiring an additional 374 shares in the last quarter. FWG Investments LLC. raised its holdings in shares of FT Vest U.S. Equity Buffer ETF – October by 1.1% in the 2nd quarter. FWG Investments LLC. now owns 37,926 shares of the company’s stock valued at $1,698,000 after acquiring an additional 430 shares in the last quarter. CoreCap Advisors LLC boosted its position in shares of FT Vest U.S. Equity Buffer ETF – October by 3.1% during the 3rd quarter. CoreCap Advisors LLC now owns 14,901 shares of the company’s stock valued at $708,000 after acquiring an additional 449 shares during the last quarter. Finally, Sunbelt Securities Inc. grew its holdings in shares of FT Vest U.S. Equity Buffer ETF – October by 20.0% during the third quarter. Sunbelt Securities Inc. now owns 2,997 shares of the company’s stock worth $142,000 after purchasing an additional 500 shares in the last quarter.

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

(Get Free Report)

The FT Cboe Vest U.S. Equity Buffer ETF – October (FOCT) 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. FOCT was launched on Oct 16, 2020 and is managed by First Trust.

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