FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Share Price Crosses Above 200-Day Moving Average – Should You Sell?

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $45.39 and traded as high as $47.70. FT Vest U.S. Equity Buffer ETF – May shares last traded at $47.65, with a volume of 9,322 shares trading hands.

FT Vest U.S. Equity Buffer ETF – May Stock Performance

The firm’s 50 day moving average price is $46.76 and its two-hundred day moving average price is $45.39. The firm has a market cap of $615.73 million, a PE ratio of 24.26 and a beta of 0.52.

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

A number of hedge funds have recently modified their holdings of FMAY. Hanlon Investment Management Inc. lifted its stake in FT Vest U.S. Equity Buffer ETF – May by 5.4% during the third quarter. Hanlon Investment Management Inc. now owns 5,300 shares of the company’s stock worth $247,000 after purchasing an additional 270 shares in the last quarter. Legacy Private Trust Co. lifted its stake in FT Vest U.S. Equity Buffer ETF – May by 7.4% during the 3rd quarter. Legacy Private Trust Co. now owns 5,705 shares of the company’s stock worth $265,000 after acquiring an additional 391 shares in the last quarter. MML Investors Services LLC boosted its holdings in FT Vest U.S. Equity Buffer ETF – May by 4.0% during the 3rd quarter. MML Investors Services LLC now owns 18,899 shares of the company’s stock valued at $879,000 after acquiring an additional 720 shares during the period. AE Wealth Management LLC grew its position in FT Vest U.S. Equity Buffer ETF – May by 18.1% in the 2nd quarter. AE Wealth Management LLC now owns 5,831 shares of the company’s stock valued at $260,000 after acquiring an additional 894 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in FT Vest U.S. Equity Buffer ETF – May during the second quarter worth about $51,000.

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

The FT Cboe Vest U.S. Equity Buffer ETF – May (FMAY) 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. FMAY was launched on May 15, 2020 and is managed by First Trust.