Clear Point Advisors Inc. Trims Stock Position in FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY)

Clear Point Advisors Inc. cut its stake in shares of FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) by 17.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 45,375 shares of the company’s stock after selling 9,287 shares during the quarter. FT Vest U.S. Equity Buffer ETF – May makes up approximately 1.8% of Clear Point Advisors Inc.’s investment portfolio, making the stock its 14th biggest holding. Clear Point Advisors Inc.’s holdings in FT Vest U.S. Equity Buffer ETF – May were worth $2,152,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of FMAY. Allworth Financial LP purchased a new position in shares of FT Vest U.S. Equity Buffer ETF – May during the fourth quarter worth approximately $27,000. Barclays PLC purchased a new position in shares of FT Vest U.S. Equity Buffer ETF – May during the third quarter worth approximately $201,000. Townsquare Capital LLC purchased a new position in shares of FT Vest U.S. Equity Buffer ETF – May during the third quarter worth approximately $202,000. Chris Bulman Inc increased its position in shares of FT Vest U.S. Equity Buffer ETF – May by 1,823.6% during the third quarter. Chris Bulman Inc now owns 4,405 shares of the company’s stock worth $205,000 after acquiring an additional 4,176 shares during the period. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in shares of FT Vest U.S. Equity Buffer ETF – May during the fourth quarter worth approximately $213,000.

FT Vest U.S. Equity Buffer ETF – May Trading Up 3.0 %

Shares of FMAY stock opened at $48.72 on Wednesday. The stock has a market capitalization of $629.88 million, a price-to-earnings ratio of 24.26 and a beta of 0.52. The company’s 50-day simple moving average is $48.01 and its 200 day simple moving average is $46.92.

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.