Envestnet Asset Management Inc. Raises Stake in FT Vest U.S. Equity Buffer ETF – May $FMAY

Envestnet Asset Management Inc. boosted its stake in FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) by 785.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 530,507 shares of the company’s stock after acquiring an additional 470,596 shares during the quarter. Envestnet Asset Management Inc. owned about 2.83% of FT Vest U.S. Equity Buffer ETF – May worth $26,541,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Truist Financial Corp raised its position in shares of FT Vest U.S. Equity Buffer ETF – May by 8.8% during the 2nd quarter. Truist Financial Corp now owns 12,623 shares of the company’s stock valued at $632,000 after acquiring an additional 1,019 shares in the last quarter. Keystone Wealth Services LLC grew its stake in FT Vest U.S. Equity Buffer ETF – May by 10.2% during the 2nd quarter. Keystone Wealth Services LLC now owns 178,469 shares of the company’s stock worth $8,929,000 after buying an additional 16,457 shares during the last quarter. Cetera Investment Advisers grew its stake in FT Vest U.S. Equity Buffer ETF – May by 43.2% during the 1st quarter. Cetera Investment Advisers now owns 102,975 shares of the company’s stock worth $4,755,000 after buying an additional 31,045 shares during the last quarter. Novem Group grew its stake in FT Vest U.S. Equity Buffer ETF – May by 30.8% during the 2nd quarter. Novem Group now owns 6,364 shares of the company’s stock worth $318,000 after buying an additional 1,500 shares during the last quarter. Finally, RFG Advisory LLC bought a new position in FT Vest U.S. Equity Buffer ETF – May during the 2nd quarter worth $463,000.

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

Shares of FMAY opened at $52.63 on Tuesday. FT Vest U.S. Equity Buffer ETF – May has a 12 month low of $42.24 and a 12 month high of $50.79. The stock has a fifty day moving average price of $52.06 and a 200 day moving average price of $50.09. The company has a market cap of $986.83 million, a P/E ratio of 23.87 and a beta of 0.57.

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.