Strategic Blueprint LLC significantly increased its investment in the FT Vest U.S. Equity Deep Buffer ETF – May (BATS: DMAY) by an impressive 99.9% during the second quarter of 2023. According to its recent filing with the Securities and Exchange Commission (SEC), the firm now holds 10,798 shares of the ETF after acquiring an additional 5,397 shares during this period. This brings the total value of its holdings in the ETF to approximately $462,000, representing 0.16% of the fund.
Several other institutional investors have also adjusted their positions in the FT Vest U.S. Equity Deep Buffer ETF. Notably, Envestnet Asset Management Inc. raised its stake by 34.8% during the first quarter, bringing its total shares to 75,373, valued at around $2,985,000 after purchasing 19,457 additional shares. Meanwhile, Truist Financial Corp made a substantial increase of 135.1% in the second quarter, and now owns 138,989 shares worth $5,950,000 after acquiring 79,876 shares.
In addition, RFG Advisory LLC entered a new position in the ETF during the same quarter, valuing approximately $507,000. IFP Advisors Inc. also took a new position worth about $62,000 in the first quarter. Furthermore, Spectrum Asset Management Inc. NB CA made headlines with an extraordinary increase of 1,472.7% in the second quarter, now holding 139,416 shares valued at around $5,968,000 after adding 130,551 shares.
FT Vest U.S. Equity Deep Buffer ETF Overview
As of now, the price of DMAY stock opened at $44.62. The fund’s performance is reflected in its 50-day moving average of $44.10 and a 200-day moving average of $42.49. Over the past year, DMAY has seen a range with a fifty-two week low of $36.27 and a high of $43.36. The ETF has a market capitalization of $296.69 million, a price-to-earnings (P/E) ratio of 24.53, and a beta of 0.42, indicating lower volatility compared to the market.
The FT Cboe Vest U.S. Equity Deep Buffer ETF – May primarily invests in large-cap equities, aiming to provide investors with specific buffered losses and capped gains on the SPY (S&P 500) over a designated holding period. This actively managed fund utilizes options and collateral to achieve its investment objectives. The ETF was launched on May 15, 2020, and is managed by First Trust.
As institutional investors continue to show confidence in the FT Vest U.S. Equity Deep Buffer ETF, market observers will be keen to see how these changes in holdings impact the performance of the ETF in the coming quarters.
