Merit Financial Group LLC Invests $3.88 Million in FT Vest U.S. Equity Buffer ETF – September (BATS:FSEP)

Merit Financial Group LLC bought a new stake in FT Vest U.S. Equity Buffer ETF – September (BATS:FSEP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 84,819 shares of the company’s stock, valued at approximately $3,876,000.

Other institutional investors have also made changes to their positions in the company. ERn Financial LLC bought a new stake in FT Vest U.S. Equity Buffer ETF – September during the 4th quarter worth about $2,762,000. Park Avenue Securities LLC acquired a new position in shares of FT Vest U.S. Equity Buffer ETF – September during the fourth quarter worth approximately $210,000. Signal Advisors Wealth LLC grew its stake in shares of FT Vest U.S. Equity Buffer ETF – September by 2.2% during the fourth quarter. Signal Advisors Wealth LLC now owns 33,308 shares of the company’s stock valued at $1,522,000 after purchasing an additional 724 shares during the last quarter. Brookstone Capital Management increased its holdings in shares of FT Vest U.S. Equity Buffer ETF – September by 75.2% in the fourth quarter. Brookstone Capital Management now owns 11,095 shares of the company’s stock valued at $507,000 after purchasing an additional 4,763 shares in the last quarter. Finally, Range Financial Group LLC bought a new position in FT Vest U.S. Equity Buffer ETF – September in the 4th quarter worth approximately $246,000.

FT Vest U.S. Equity Buffer ETF – September Stock Performance

BATS:FSEP opened at $46.31 on Friday. The firm has a market cap of $560.36 million, a P/E ratio of 24.72 and a beta of 0.70. The stock’s 50-day moving average price is $46.00 and its two-hundred day moving average price is $45.00.

FT Vest U.S. Equity Buffer ETF – September Profile

The FT Cboe Vest U.S. Equity Buffer ETF – September (FSEP) is an exchange-traded fund that mostly invests in large cap equity. The fund aims for specific buffered losses and capped gains on the SPY over a specific holdings period. The actively-managed fund holds options and collateral. FSEP was launched on Sep 18, 2020 and is managed by First Trust.