Janney Montgomery Scott LLC Reduces Stake in FT Vest U.S. Equity Deep Buffer ETF – June

In a recent report, it was revealed that Janney Montgomery Scott LLC has decreased its investment in the FT Vest U.S. Equity Deep Buffer ETF – June (BATS:DJUN) by 29.1% during the fourth quarter. This information comes from their latest 13F filing with the Securities and Exchange Commission (SEC).

As of the latest filing, the fund reduced its holdings to 10,365 shares after selling off 4,257 shares during the quarter. The value of Janney Montgomery Scott LLC's position in the ETF stands at approximately $449,000, representing about 0.23% of the total shares of the fund.

Other Institutional Activity

In addition to Janney Montgomery Scott LLC, several other hedge funds have also adjusted their positions in the FT Vest U.S. Equity Deep Buffer ETF – June. For instance, Truist Financial Corp increased its holdings by 22.9% in the second quarter, bringing its total to 21,695 shares, valued at $887,000 after acquiring an additional 4,041 shares.

CWM LLC made a significant move by boosting its stake by 194.4% in the third quarter to amass 62,271 shares valued at about $2,650,000, following an acquisition of 41,122 additional shares. NBC Securities Inc. also increased its stake by 53.2%, owning 1,296 shares worth $55,000 after acquiring 450 more shares.

Moreover, Echo Wealth Management LLC entered the scene by purchasing a new stake worth $220,000 in the third quarter. Integrity Financial Corp WA raised its position by 27.5%, owning 21,429 shares valued at $912,000 after the acquisition of 4,620 additional shares.

Performance Metrics of DJUN ETF

The FT Vest U.S. Equity Deep Buffer ETF – June opened trading at $44.05. The current market capitalization of the fund is approximately $202.61 million. The ETF has a price-to-earnings (PE) ratio of 24.09 and a beta value of 0.52, indicating relatively low volatility. Over the past few months, the ETF has shown a 50-day simple moving average of $43.75 and a 200-day simple moving average of $42.73.

Overview of the ETF

The FT Cboe Vest U.S. Equity Deep Buffer ETF – June (DJUN) is an exchange-traded fund designed to track the S&P 500 index. Its investment strategy focuses on limiting specific buffered losses while also capping potential gains over a defined holding period. This actively-managed ETF is structured to hold options and collateral to achieve its investment objectives. DJUN was initiated on June 19, 2020, and is managed by First Trust.

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