Savvy Advisors Inc. has decreased its investment in the FT Cboe Vest U.S. Equity Moderate Buffer ETF – May (NYSEARCA: GMAY) by 4.5% during the second quarter of the fiscal year. The institutional investor sold 1,000 shares, bringing its total ownership to 21,240 shares valued at approximately $832,000, according to its latest filing with the Securities and Exchange Commission.
Several other institutional investors have also adjusted their holdings in the FT Cboe Vest ETF in recent months. Notably, Arkadios Wealth Advisors increased its stake by 23.6%, acquiring an additional 3,255 shares to reach a total of 17,055 shares, now valued at $668,000.
Brookstone Capital Management made a strategic move by purchasing a new stake in the ETF, valued at around $1,170,000. Meanwhile, Uptick Partners LLC raised its position by 23.0%, owning 9,560 shares worth $374,000 after acquiring 1,787 additional shares.
Another significant change came from Mutual Advisors LLC, which boosted its investment by an impressive 80.7%, adding 7,228 shares to own 16,190 shares valued at $642,000. Lastly, Harbour Investments Inc. increased its stake by 6.9%, owning 5,723 shares worth $224,000 following the purchase of 370 shares.
Current Trading Position of FT Cboe Vest ETF
As of the latest trading session, the FT Cboe Vest U.S. Equity Moderate Buffer ETF – May opened at $40.71. The ETF’s fifty-day simple moving average stands at $40.38, while its two-hundred-day simple moving average is $39.00. Over the past year, the stock has seen a low of $32.00 and a high of $40.91. The ETF currently holds a market capitalization of $304.10 million, a price-to-earnings ratio of 24.47, and a beta of 0.46.
The FT Cboe Vest U.S. Equity Moderate Buffer ETF – May primarily invests in large-cap equities, aiming to provide specific buffered losses and capped gains on the SPDR S&P 500 ETF Trust over a defined holding period. This actively managed fund utilizes options and collateral to achieve its investment objectives.
For those interested in tracking further developments or hedge fund activity related to the FT Cboe Vest ETF, resources are available at HoldingsChannel.com, which provides the latest 13F filings and insider trades.
