FT Vest U.S. Equity Buffer ETF – May $FMAY Stock: Kestra Advisory Services LLC Decreases Position

Kestra Advisory Services LLC lowered its stake in FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) by 60.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 89,759 shares of the company’s stock after selling 139,848 shares during the period. Kestra Advisory Services LLC’s holdings in FT Vest U.S. Equity Buffer ETF – May were worth $5,149,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in FMAY. Envestnet Asset Management Inc. grew its stake in shares of FT Vest U.S. Equity Buffer ETF – May by 747.5% in the second quarter. Envestnet Asset Management Inc. now owns 1,209,970 shares of the company’s stock worth $71,038,000 after purchasing an additional 1,067,194 shares during the last quarter. FOCUS Wealth Advisors LLC boosted its position in shares of FT Vest U.S. Equity Buffer ETF – May by 1.8% during the second quarter. FOCUS Wealth Advisors LLC now owns 488,824 shares of the company’s stock valued at $27,472,000 after purchasing an additional 8,504 shares in the last quarter. Commonwealth Equity Services LLC purchased a new stake in shares of FT Vest U.S. Equity Buffer ETF – May in the 3rd quarter worth about $14,329,000. Assetmark Inc. grew its position in shares of FT Vest U.S. Equity Buffer ETF – May by 9.9% in the 1st quarter. Assetmark Inc. now owns 266,045 shares of the company’s stock worth $14,047,000 after buying an additional 24,007 shares during the period. Finally, BAM Wealth Management LLC bought a new position in shares of FT Vest U.S. Equity Buffer ETF – May during the second quarter valued at approximately $9,964,000.

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

FMAY stock opened at $57.12 on Friday. The firm has a 50 day moving average price of $57.44 and a 200-day moving average price of $55.79. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 23.87 and a beta of 0.61. FT Vest U.S. Equity Buffer ETF – May has a 52-week low of $51.65 and a 52-week high of $58.28.

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