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

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

Several other institutional investors also recently added to or reduced their stakes in the business. Centaurus Financial Inc. boosted its position in shares of FT Vest U.S. Equity Buffer ETF – May by 6.9% in the second quarter. Centaurus Financial Inc. now owns 10,915 shares of the company’s stock valued at $546,000 after acquiring an additional 701 shares during the period. Truist Financial Corp boosted its holdings in FT Vest U.S. Equity Buffer ETF – May by 8.8% in the 2nd quarter. Truist Financial Corp now owns 12,623 shares of the company’s stock valued at $632,000 after purchasing an additional 1,019 shares during the period. Novem Group grew its position in FT Vest U.S. Equity Buffer ETF – May by 30.8% in the 2nd quarter. Novem Group now owns 6,364 shares of the company’s stock worth $318,000 after purchasing an additional 1,500 shares during the last quarter. Ignite Planners LLC increased its holdings in shares of FT Vest U.S. Equity Buffer ETF – May by 2.2% during the 2nd quarter. Ignite Planners LLC now owns 71,257 shares of the company’s stock worth $3,593,000 after purchasing an additional 1,500 shares during the period. Finally, Arbor Capital Management Inc. ADV increased 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 purchasing an additional 1,618 shares during the period.

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

Shares of FMAY opened at $53.62 on Thursday. The firm has a market capitalization of $1.01 billion, a P/E 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 $50.79. The company has a 50-day simple moving average of $52.91 and a 200-day simple moving average of $51.86.

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.