The FT Vest Nasdaq-100 Buffer ETF – December (BATS:QDEC) reached a new 52-week high of $31.83 during midday trading on Monday, marking a significant milestone for the fund. The ETF, which focuses on the performance of the NASDAQ 100 index, last traded at $31.8450, with a trading volume of 232,788 shares. This increase follows a previous close of $31.79.
Despite this upswing, QDEC’s stock experienced a slight decline of 0.1% during the session. The ETF currently holds a market capitalization of approximately $590.55 million, a price-to-earnings ratio of 30.41, and a beta of 0.72. The fund’s performance can also be tracked by its 50-day simple moving average of $31.01 and a 200-day simple moving average of $29.49.
Institutional Activity Reflects Growing Interest
Recent activity from institutional investors indicates a growing interest in the FT Vest Nasdaq-100 Buffer ETF. Nova Wealth Management Inc. acquired a new position in QDEC during the third quarter, investing approximately $115,000. In the first quarter, OLD Mission Capital LLC also entered the ETF with an investment of around $255,000.
Additionally, Winnow Wealth LLC made a significant investment in the third quarter, acquiring a new position valued at approximately $442,000. Arkadios Wealth Advisors increased its stake in QDEC by 2.6% during the same period, bringing its total ownership to 15,144 shares, worth approximately $471,000 after purchasing an additional 380 shares.
Understanding the ETF’s Strategy
The FT Cboe Vest Nasdaq-100 Buffer ETF – December, launched on December 18, 2020, is designed to provide specific buffered losses and capped gains based on the performance of the QQQ ETF over a defined holding period. This actively managed fund employs options and collateral to achieve its investment goals, appealing to investors seeking a blend of risk management and potential returns.
With its recent performance and institutional support, QDEC continues to attract attention as a viable investment option. Investors are encouraged to monitor the ETF closely as it navigates the evolving market landscape.
