AdvisorNet Financial Inc Reduces Stake in FT Vest Laddered Buffer ETF

AdvisorNet Financial Inc made significant changes to its investment strategy by reducing its ownership in the FT Vest Laddered Buffer ETF (BATS:BUFR – Free Report) by an astonishing 98.9% during the final quarter of the year, as reported by Holdings Channel. Following this adjustment, the fund holds only 1,778 shares of the ETF after divesting a total of 159,798 shares. At the time of its latest filing with the Securities and Exchange Commission, AdvisorNet Financial Inc’s remaining shares in the FT Vest Laddered Buffer ETF had a market value of approximately $54,000.

This change in holdings comes amidst movements from various other large investors in the ETF. Notably, IHT Wealth Management LLC boosted its stake in FT Vest Laddered Buffer ETF by 14.5% in the third quarter, acquiring an additional 193,702 shares, bringing its total to 1,526,832 shares with a value estimated at $45,630,000. Meanwhile, Strategic Blueprint LLC also increased their investment by 17.1%, purchasing 53,713 shares, which brought their total holdings to 368,637 shares worth approximately $11,019,000. Edge Capital Group LLC grew its position by 35.1% in the second quarter, now owning 168,332 shares valued at $4,868,000 after acquiring 43,729 additional shares during the quarter.

Additionally, Heritage Wealth Management Inc. established a new position in FT Vest Laddered Buffer ETF in the second quarter with an investment of $955,000. Arkadios Wealth Advisors also made a notable investment, increasing its stake by 28.3% in the third quarter, which expanded its holdings to 128,983 shares worth about $3,855,000.

Recent Performance of FT Vest Laddered Buffer ETF

As of late last week, the price of BUFR stock opened at $30.82. The ETF holds a market capitalization of $4.36 billion and has a price-to-earnings (PE) ratio of 24.41, alongside a beta factor of 0.65. The stock's fifty-day moving average is presently at $30.58, while its two-hundred day moving average stands at $29.86.

Overview of FT Vest Laddered Buffer ETF

The FT Vest Laddered Buffer ETF, managed by First Trust, is designed to primarily invest in large-cap equity through an actively managed fund-of-funds structure. It maintains a laddered portfolio of FT Cboe Vest U.S. Equity Buffer ETFs. This ETF was launched on August 10, 2020, and caters to investors seeking to achieve a balanced equity exposure.

Further Information

For those interested in getting the most updated insights on hedge fund activities related to BUFR, Holdings Channel provides the latest 13F filings and insider trading information concerning the FT Vest Laddered Buffer ETF (BATS:BUFR – Free Report).

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investment, ETF, finance