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

Merit Financial Group LLC bought a new stake in shares of FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 12,275 shares of the company’s stock, valued at approximately $641,000. Merit Financial Group LLC owned approximately 0.07% of FT Vest U.S. Equity Buffer ETF – May as of its most recent SEC filing.

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

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

Shares of BATS:FMAY opened at $53.71 on Friday. The firm has a market capitalization of $1.01 billion, a PE ratio of 23.87 and a beta of 0.57. FT Vest U.S. Equity Buffer ETF – May has a 52-week low of $42.24 and a 52-week high of $54.10. The firm has a fifty day moving average of $53.60 and a 200 day 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.