Assetmark Inc. has increased its stake in the FT Vest U.S. Equity Buffer ETF – June (BATS:FJUN) by 13.9% during the third quarter of 2023. According to a filing with the Securities and Exchange Commission, the firm acquired an additional 23,791 shares, bringing its total holdings to 195,346 shares. This investment is now valued at approximately $10.93 million, constituting around 1.06% of the ETF.
The FT Vest U.S. Equity Buffer ETF is designed to provide specific buffered losses and capped gains primarily through investments in large-cap equities. It operates with a focus on options and collateral management, aiming to provide investors with a strategic approach to equity exposure. Launched on June 19, 2020, the fund is managed by First Trust.
Other institutional investors have also shown interest in the ETF. For instance, Arkadios Wealth Advisors significantly increased its position by 70.0%, acquiring 17,598 shares during the same quarter. The firm now holds 42,729 shares, valued at approximately $2.39 million.
In addition, Jaffetilchin Investment Partners LLC established a new position in the ETF during the second quarter, valued at about $583,000. Similarly, Envestnet Portfolio Solutions Inc. raised its holdings by 44.7%, acquiring an additional 2,424 shares to reach a total of 7,846 shares, worth around $421,000.
Meanwhile, Osaic Holdings Inc. increased its stake by 25.0%, now owning 210,574 shares valued at $11.20 million, following the acquisition of 42,133 shares. Furthermore, Legacy Capital Wealth Partners LLC purchased a new stake in the ETF, valued at $6.60 million during the second quarter.
As of the latest trading session, shares of the FT Vest U.S. Equity Buffer ETF – June opened at $57.30. The fund has a market capitalization of $1.06 billion, a price-to-earnings ratio of 24.70, and a beta of 0.59. The ETF has recorded a fifty-day moving average of $57.26 and a two-hundred-day moving average of $56.23. Its 52-week performance ranges from a low of $45.43 to a high of $57.88.
The growing interest from various institutional investors indicates a robust confidence in the fund’s strategy and its potential for future performance. For those interested in further details or insights regarding the ETF’s holdings and management, comprehensive information is available through financial tracking platforms.
