Brown Advisory Inc. Takes Position in FT Vest U.S. Equity Buffer ETF – August (BATS:FAUG)

Brown Advisory Inc. acquired a new stake in FT Vest U.S. Equity Buffer ETF – August (BATS:FAUG) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,000 shares of the company’s stock, valued at approximately $227,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in FT Vest U.S. Equity Buffer ETF – August in the fourth quarter worth approximately $16,109,000. Armis Advisers LLC purchased a new position in FT Vest U.S. Equity Buffer ETF – August in the fourth quarter worth approximately $5,836,000. Envestnet Asset Management Inc. lifted its stake in FT Vest U.S. Equity Buffer ETF – August by 11.3% in the first quarter. Envestnet Asset Management Inc. now owns 486,005 shares of the company’s stock worth $22,107,000 after acquiring an additional 49,442 shares during the last quarter. Wood Tarver Financial Group LLC purchased a new position in FT Vest U.S. Equity Buffer ETF – August in the fourth quarter worth approximately $1,180,000. Finally, Modern Wealth Management LLC purchased a new position in FT Vest U.S. Equity Buffer ETF – August in the fourth quarter worth approximately $1,137,000.

FT Vest U.S. Equity Buffer ETF – August Stock Up 8.5%

Shares of FT Vest U.S. Equity Buffer ETF – August stock opened at $49.43 on Thursday. FT Vest U.S. Equity Buffer ETF – August has a 52-week low of $41.24 and a 52-week high of $49.65. The company has a 50 day moving average of $47.94 and a 200 day moving average of $46.68. The company has a market capitalization of $940.63 million, a P/E ratio of 24.22 and a beta of 0.63.

About FT Vest U.S. Equity Buffer ETF – August

The FT Cboe Vest U.S. Equity Buffer ETF – August (FAUG) 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. FAUG was launched on Nov 6, 2019 and is managed by First Trust.