FT Vest Laddered Nasdaq Buffer ETF (BATS:BUFQ) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of FT Vest Laddered Nasdaq Buffer ETF (BATS:BUFQ) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $29.86 and traded as high as $31.28. FT Vest Laddered Nasdaq Buffer ETF shares last traded at $31.22, with a volume of 122,255 shares trading hands.

FT Vest Laddered Nasdaq Buffer ETF Stock Performance

The business has a fifty day simple moving average of $30.67 and a 200 day simple moving average of $29.86. The stock has a market cap of $641.57 million, a price-to-earnings ratio of 31.85 and a beta of 0.62.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Prism Advisors Inc. acquired a new position in FT Vest Laddered Nasdaq Buffer ETF in the second quarter valued at $4,737,000. Kingswood Wealth Advisors LLC grew its holdings in FT Vest Laddered Nasdaq Buffer ETF by 81.9% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 20,251 shares of the company’s stock valued at $599,000 after buying an additional 9,118 shares during the period. Finally, Arkadios Wealth Advisors increased its stake in shares of FT Vest Laddered Nasdaq Buffer ETF by 2.8% during the 2nd quarter. Arkadios Wealth Advisors now owns 28,788 shares of the company’s stock valued at $851,000 after acquiring an additional 787 shares during the last quarter.

About FT Vest Laddered Nasdaq Buffer ETF

The FT Cboe Vest Fund of Nasdaq-100 Buffer ETFs (BUFQ) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund-of-funds that holds a laddered portfolio of FT Cboe Vest Nasdaq-100 Buffer ETFs. BUFQ was launched on Jun 15, 2022 and is managed by First Trust.