Fri Sep 20 08:08:46 UTC 2024: ## Hedge Funds Show Interest in FT Vest U.S. Equity Buffer ETF – May (FMAY)
**New York, NY (MarketBeat News) – September 20, 2024** – Several hedge funds, including Moors & Cabot Inc., have recently purchased shares of the FT Vest U.S. Equity Buffer ETF – May (FMAY), indicating potential growth interest in the exchange-traded fund.
Moors & Cabot Inc. acquired 12,399 shares of FMAY in the second quarter, totaling approximately $554,000, representing about 0.10% of the ETF’s ownership.
Other hedge funds, including Ashton Thomas Private Wealth LLC, Aptus Capital Advisors LLC, Laidlaw Wealth Management LLC, Arbor Capital Management Inc. ADV, and Strategic Blueprint LLC, also bought new positions in FMAY during the second quarter, indicating growing confidence in the fund’s performance.
FMAY is an actively managed ETF that invests primarily in large-cap equities. Its unique strategy aims to provide specific buffered losses and capped gains on the SPY (S&P 500 ETF) over a set holding period. The fund accomplishes this by utilizing options and collateral.
Launched on May 15, 2020, FMAY is managed by First Trust. The ETF opened at $46.22 on Friday, with a market cap of $597.63 million.
MarketBeat.com offers a free daily email newsletter providing updates on FMAY and related companies.
First Piper 