Financial firms cut stakes in buffered ETFs, signaling a shift in investment strategies.

Financial firm Alterna Wealth Management reduced its holdings in two Innovator ETFs, selling shares of NJUL and UJUL, while another firm, Spire Wealth Management, also cut its stake in PJUL, an ETF tied to the S&P 500. These ETFs aim to limit losses and cap gains on major indexes. Alterna's changes reflect a broader trend of institutional investors adjusting their positions in these buffered ETFs.

1 month ago
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