Merit Financial Group LLC Purchases New Shares in FT Vest U.S. Equity Buffer ETF – May $FMAY

Merit Financial Group LLC acquired a new position in FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) in the 3rd quarter, Holdings Channel reports. The firm acquired 12,275 shares of the company’s stock, valued at approximately $641,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. United Advisor Group LLC bought a new stake in FT Vest U.S. Equity Buffer ETF – May during the 2nd quarter valued at approximately $205,000. Arkadios Wealth Advisors bought a new position in shares of FT Vest U.S. Equity Buffer ETF – May in the 2nd quarter worth approximately $215,000. Park Avenue Securities LLC purchased a new position in shares of FT Vest U.S. Equity Buffer ETF – May in the 3rd quarter valued at approximately $305,000. Foundations Investment Advisors LLC bought a new stake in shares of FT Vest U.S. Equity Buffer ETF – May during the second quarter valued at approximately $305,000. Finally, Arbor Capital Management Inc. ADV boosted its position in shares of FT Vest U.S. Equity Buffer ETF – May by 32.9% during the second quarter. Arbor Capital Management Inc. ADV now owns 6,543 shares of the company’s stock valued at $329,000 after purchasing an additional 1,618 shares in the last quarter.

FT Vest U.S. Equity Buffer ETF – May Trading Down 0.1%

Shares of FT Vest U.S. Equity Buffer ETF – May stock opened at $53.71 on Friday. FT Vest U.S. Equity Buffer ETF – May has a 12 month low of $42.24 and a 12 month high of $54.10. The firm has a market capitalization of $1.01 billion, a P/E ratio of 23.87 and a beta of 0.57. The business has a fifty day simple moving average of $53.60 and a two-hundred day simple moving average of $52.59.

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.