Concourse Financial Group Securities Inc. Reduces Stake in FT Vest U.S. Equity Buffer ETF

Concourse Financial Group Securities Inc. recently disclosed a 3.8% decrease in its position in the FT Vest U.S. Equity Buffer ETF – November (BATS:FNOV) for the third quarter, according to a statement filed with the Securities and Exchange Commission. Following this reduction, the firm now holds a total of 10,666 shares of the ETF after selling 421 shares during the quarter. As of the latest report, Concourse Financial’s stake in the fund is valued at approximately $503,000, which represents about 0.08% of its total holdings.

A number of other institutional and hedge fund investors have also updated their stakes in FNOV. For instance, Park Avenue Securities LLC established a new position in the ETF during the first quarter, investing around $212,000. McCarthy & Cox, meanwhile, made significant investments in FNOV during the same timeframe, acquiring shares worth approximately $14,665,000. STAR Financial Bank expanded its investment by 7.0% during the first quarter, bringing its total holdings to 19,114 shares, which are valued at approximately $855,000 after adding 1,248 shares to its inventory.

Another notable mover, Bullseye Investment Management LLC, increased its stake in the ETF by an astounding 768.8% in the first quarter. Bullseye now owns 193,397 shares of FNOV, worth an impressive $8,123,000 following the acquisition of an additional 171,136 shares. Lastly, Cetera Investment Advisers raised its stake by 47.4%, amassing 277,520 shares valued at $12,416,000 after buying 89,294 additional shares in the previous quarter.

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

As of recent trading, shares of FT Vest U.S. Equity Buffer ETF – November (BATS:FNOV) opened at $47.30. The ETF holds a market capitalization of $655.11 million, a PE ratio of 24.42, and a beta value of 0.72. The stock has averaged a simple moving price of $46.75 over the last 50 days and $45.84 over the previous two hundred days.

Overview of FT Vest U.S. Equity Buffer ETF – November

The FT Cboe Vest U.S. Equity Buffer ETF – November (FNOV) is an exchange-traded fund focused primarily on large-cap equities. This fund aims to achieve specific buffered losses while capping potential gains on the SPY ETF during a defined holding period. The fund utilizes options combined with collateral as part of its strategy. FNOV was launched on November 15, 2019, and is managed by First Trust.

Further Information

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Concourse, ETF, Investment