Laidlaw Wealth Management LLC Makes New $201,000 Investment in FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY)

Laidlaw Wealth Management LLC purchased a new position in shares of FT Vest U.S. Equity Buffer ETF – May (BATS:FMAY) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,498 shares of the company’s stock, valued at approximately $201,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. boosted its position in FT Vest U.S. Equity Buffer ETF – May by 9.1% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 30,526 shares of the company’s stock valued at $1,265,000 after buying an additional 2,554 shares during the last quarter. SageView Advisory Group LLC bought a new position in FT Vest U.S. Equity Buffer ETF – May in the fourth quarter valued at about $5,020,000. Arbor Capital Management Inc. ADV bought a new position in FT Vest U.S. Equity Buffer ETF – May in the fourth quarter valued at about $202,000. Freedom Investment Management Inc. bought a new stake in FT Vest U.S. Equity Buffer ETF – May during the 4th quarter worth about $29,943,000. Finally, FOCUS Wealth Advisors LLC grew its position in shares of FT Vest U.S. Equity Buffer ETF – May by 19.6% during the 1st quarter. FOCUS Wealth Advisors LLC now owns 460,115 shares of the company’s stock worth $19,886,000 after buying an additional 75,264 shares during the period.

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

FMAY stock opened at $45.15 on Wednesday. The company has a fifty day moving average of $44.97 and a two-hundred day moving average of $43.96. The firm has a market cap of $583.79 million, a P/E ratio of 24.26 and a beta of 0.52.

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.