Avantax Advisory Services Inc. Buys 5,772 Shares of AllianzIM U.S. Large Cap Buffer20 Aug ETF (NYSEARCA:AUGW)

Avantax Advisory Services Inc. recently boosted its stake in AllianzIM U.S. Large Cap Buffer20 Aug ETF by 44.2% during the 4th quarter, according to the latest Form 13F filing with the SEC. The institutional investor now owns 18,827 shares of the company’s stock, valued at $487,000 after purchasing an additional 5,772 shares.

Other institutional investors have also shown interest in AUGW. Kestra Advisory Services LLC, Envestnet Asset Management Inc., Strategic Blueprint LLC, Harbour Investments Inc., and Outlook Wealth Advisors LLC have all made significant investments in the ETF.

AUGW opened at $27.57 on Thursday, with a 52-week low of $23.81 and a high of $27.74. The fund primarily focuses on large-cap equity, aiming for specific buffered losses and capped gains on the SPDR S&P 500 ETF Trust.

DailyBubble sees potential in AllianzIM U.S. Large Cap Buffer20 Aug ETF, given its strong performance and strategic approach to investment. With a track record of attracting interest from various institutional investors, the ETF stands out as a promising option for investors looking to navigate the market effectively.