Futu Holdings Limited (NASDAQ:FUTU) is considered one of the best low-risk stocks to buy now, with Covea Finance increasing its holdings in the company by 52.3% in the second quarter. The firm now owns 9,900 shares of FUTU, representing about 0.07% ownership and an investment of approximately $4,821,000. FUTU has delivered impressive one- and five-year returns of 144.88% and 520.10%, respectively, surpassing market averages. The company’s strong business model combines trading, wealth management, and social investing. Futu Holdings is headquartered in Admiralty, Hong Kong, offering digitized securities brokerage and wealth management product distribution services since 2007.

Read more at Yahoo Finance: Futu Holdings Limited (FUTU) Sees 52% Boost in Institutional Ownership