FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) Trading Down 0.8% – Here’s Why

FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) shares fell 0.8% on Tuesday . The company traded as low as $55.50 and last traded at $55.56. 804,422 shares changed hands during mid-day trading, an increase of 1,712% from the average daily volume of 44,389 shares. The stock had previously closed at $56.03.

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

The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 23.87 and a beta of 0.57. The firm’s fifty day moving average is $55.63 and its 200 day moving average is $54.24.

Institutional Investors Weigh In On FT Vest U.S. Equity Buffer ETF – May

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FMAY. Allen Capital Group LLC purchased a new position in FT Vest U.S. Equity Buffer ETF – May in the first quarter valued at about $207,000. Gateway Wealth Partners LLC acquired a new position in FT Vest U.S. Equity Buffer ETF – May in the first quarter worth approximately $346,000. Assetmark Inc. increased its holdings in FT Vest U.S. Equity Buffer ETF – May by 9.9% in the first quarter. Assetmark Inc. now owns 266,045 shares of the company’s stock worth $14,047,000 after buying an additional 24,007 shares during the last quarter. Fifth Third Bancorp bought a new position in FT Vest U.S. Equity Buffer ETF – May during the first quarter valued at approximately $52,000. Finally, Kestra Advisory Services LLC raised its position in FT Vest U.S. Equity Buffer ETF – May by 2.2% during the first quarter. Kestra Advisory Services LLC now owns 117,813 shares of the company’s stock valued at $6,221,000 after acquiring an additional 2,521 shares in the last quarter.

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.