Osaic Holdings Inc. has reduced its stake in the FT Vest U.S. Equity Enhance & Moderate Buffer ETF – June (BATS:XJUN) by 7.5% during the second quarter of 2023. According to the company’s recent filing with the Securities & Exchange Commission, Osaic now holds a total of 207,881 shares after selling 16,833 shares during this period. The value of Osaic’s remaining holdings in the fund is approximately $8,535,000.
Several other institutional investors have also made moves regarding their positions in the FT Vest U.S. Equity ETF. For instance, Northwestern Mutual Wealth Management Co. acquired a new stake valued at $26,000 during the same quarter. Additionally, Ashton Thomas Securities LLC bought into the fund in the first quarter with an investment of around $75,000.
DHJJ Financial Advisors Ltd. increased its holdings in the ETF by 13.8% during the second quarter, bringing its total to 4,059 shares, valued at $167,000 after purchasing an additional 493 shares. Meanwhile, Aurora Private Wealth Inc. and LVZ Inc. both established new positions in the ETF worth approximately $208,000 and $211,000, respectively, during the second quarter.
Stock Performance and Market Insights
As of Friday, the stock price of FT Vest U.S. Equity Enhance & Moderate Buffer ETF – June opened at $42.83. Over the past year, the ETF has experienced fluctuations, recording a low of $35.24 and a high of $41.44. The fund currently boasts a market capitalization of $166.16 million, a price-to-earnings ratio of 24.99, and a beta of 0.36. Its 50-day simple moving average stands at $42.45, while its 200-day simple moving average is $41.80.
About the ETF
The FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF – June (XJUN) is designed to track the SPDR S&P 500 ETF Trust index. The ETF aims to outperform the SPY ETF with approximately 2x positive price returns while also targeting specific buffered losses and capped gains over a designated holding period. Launched on July 12, 2021, the actively managed fund employs a strategy involving options and collateral, and it is managed by First Trust.
Investors interested in tracking the performance and holdings of the FT Vest U.S. Equity Enhance & Moderate Buffer ETF – June can access the latest 13F filings and insider trades through various financial platforms.
