Merit Financial Group LLC Takes Position in FT Vest U.S. Equity Buffer ETF – July (BATS:FJUL)

Merit Financial Group LLC acquired a new stake in FT Vest U.S. Equity Buffer ETF – July (BATS:FJUL) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,423 shares of the company’s stock, valued at approximately $211,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of FT Vest U.S. Equity Buffer ETF – July in the fourth quarter worth about $34,485,000. Envestnet Asset Management Inc. boosted its position in FT Vest U.S. Equity Buffer ETF – July by 4.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 488,186 shares of the company’s stock valued at $23,905,000 after purchasing an additional 19,003 shares during the last quarter. Armis Advisers LLC acquired a new stake in shares of FT Vest U.S. Equity Buffer ETF – July in the fourth quarter valued at approximately $6,599,000. REAP Financial Group LLC lifted its holdings in FT Vest U.S. Equity Buffer ETF – July by 8.4% during the 4th quarter. REAP Financial Group LLC now owns 122,907 shares of the company’s stock valued at $6,018,000 after purchasing an additional 9,535 shares during the last quarter. Finally, Assetmark Inc. increased its holdings in shares of FT Vest U.S. Equity Buffer ETF – July by 53.7% in the fourth quarter. Assetmark Inc. now owns 99,229 shares of the company’s stock valued at $4,859,000 after purchasing an additional 34,684 shares during the last quarter.

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

BATS:FJUL opened at $50.28 on Friday. FT Vest U.S. Equity Buffer ETF – July has a one year low of $43.02 and a one year high of $50.58. The company has a market cap of $1.01 billion, a P/E ratio of 24.56 and a beta of 0.63. The firm’s fifty day moving average price is $48.06 and its two-hundred day moving average price is $48.73.

FT Vest U.S. Equity Buffer ETF – July Profile

The FT Cboe Vest U.S. Equity Buffer ETF – July (FJUL) 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. FJUL was launched on Jul 17, 2020 and is managed by First Trust.