Strategic Blueprint LLC has significantly increased its holdings in the FT Vest U.S. Equity Deep Buffer ETF – May (BATS:DMAY), boosting its stake by an impressive 99.9% during the second quarter of 2023. According to its latest filing with the Securities and Exchange Commission (SEC), the investment firm now owns 10,798 shares of the ETF, which amounts to a total value of approximately $462,000. This increase follows the acquisition of an additional 5,397 shares during the quarter.
Other institutional investors have also recently adjusted their positions in the ETF. Notably, Envestnet Asset Management Inc. expanded its stake by 34.8% in the first quarter, bringing its total to 75,373 shares valued at $2,985,000. RFG Advisory LLC entered the scene with a new investment worth about $507,000 in the second quarter. Additionally, Truist Financial Corp made a substantial move, raising its position by 135.1% in the same period. Truist now holds 138,989 shares, valued at $5,950,000, after acquiring an additional 79,876 shares.
Spectrum Asset Management Inc. NB CA made headlines with a staggering increase of 1,472.7% in its stake during the second quarter, now owning 139,416 shares worth $5,968,000 after purchasing an additional 130,551 shares. IFP Advisors Inc. also took a new position in the ETF in the first quarter, investing approximately $62,000.
FT Vest U.S. Equity Deep Buffer ETF – May Overview
The FT Cboe Vest U.S. Equity Deep Buffer ETF – May (DMAY) primarily invests in large-cap equity and aims to provide buffered losses and capped gains on the SPY (S&P 500 ETF) over a defined holding period. This actively managed fund utilizes options and collateral to achieve its investment objectives. Launched on May 15, 2020, the fund is managed by First Trust.
As of Monday, DMAY opened at $44.62, with a 50-day moving average of $44.10 and a 200-day moving average of $42.49. The ETF has experienced a fifty-two week range, with a low of $36.27 and a high of $43.36. The ETF currently boasts a market capitalization of $296.69 million, a price-to-earnings ratio of 24.53, and a beta of 0.42.
The recent activities of Strategic Blueprint LLC and other institutional investors reflect a growing interest in the FT Vest U.S. Equity Deep Buffer ETF – May, suggesting confidence in the fund’s strategy and market potential. Investors may wish to monitor this ETF as it continues to attract significant institutional investments.
