Strategic Blueprint LLC significantly increased its investment in the FT Vest U.S. Equity Deep Buffer ETF – May (BATS: DMAY) by 99.9% during the second quarter of 2023. The firm reported owning a total of 10,798 shares, valued at approximately $462,000, following the acquisition of an additional 5,397 shares, as indicated in its recent filing with the Securities and Exchange Commission (SEC).
The investment landscape for the FT Vest U.S. Equity Deep Buffer ETF has shown notable changes, with other institutional investors also adjusting their positions. For instance, Envestnet Asset Management Inc. increased its holdings by 34.8% in the first quarter, now owning 75,373 shares valued at about $2,985,000 following a purchase of 19,457 additional shares.
In the same period, RFG Advisory LLC entered the market with a new position in the ETF valued at approximately $507,000. Truist Financial Corp made a substantial move, raising its stake by 135.1% during the second quarter, now controlling 138,989 shares worth $5,950,000 after acquiring 79,876 additional shares. Also, IFP Advisors Inc. established a new position in the first quarter valued at around $62,000. Notably, Spectrum Asset Management Inc. NB CA saw a massive increase of 1,472.7% in its holdings during the second quarter, amassing 139,416 shares worth $5,968,000.
FT Vest U.S. Equity Deep Buffer ETF Overview
The FT Vest U.S. Equity Deep Buffer ETF – May aims to provide investors with a strategy that buffers against specific losses while capping potential gains on the SPDR S&P 500 ETF Trust (SPY) over a defined holding period. Launched on May 15, 2020, this actively managed fund primarily invests in large-cap equities, utilizing options and collateral to achieve its investment objectives.
As of the latest market data, DMAY opened at $44.62. The ETF has a 50-day moving average of $44.10 and a 200-day moving average of $42.49. The stock has fluctuated within a 52-week range, with a low of $36.27 and a high of $43.36. Currently, the fund boasts a market capitalization of $296.69 million, a price-to-earnings (PE) ratio of 24.53, and a beta of 0.42.
The strategic moves by these institutional investors reflect a growing confidence in the fund’s potential, as they position themselves to benefit from market conditions. This trend underscores the significance of the FT Vest U.S. Equity Deep Buffer ETF in the current investment landscape, attracting substantial interest from various financial entities.
