Harbour Investments Inc. Buys 112,371 Shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Harbour Investments Inc. lifted its stake in First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 651.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 129,615 shares of the company’s stock after purchasing an additional 112,371 shares during the period. Harbour Investments Inc. owned 0.31% of First Trust BuyWrite Income ETF worth $2,984,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Sigma Planning Corp lifted its holdings in First Trust BuyWrite Income ETF by 23.1% during the third quarter. Sigma Planning Corp now owns 11,089 shares of the company’s stock worth $255,000 after acquiring an additional 2,083 shares in the last quarter. Atria Investments Inc bought a new position in First Trust BuyWrite Income ETF during the third quarter worth about $256,000. Assetmark Inc. bought a new position in First Trust BuyWrite Income ETF during the third quarter worth about $703,000. TFB Advisors LLC lifted its holdings in shares of First Trust BuyWrite Income ETF by 13.4% in the third quarter. TFB Advisors LLC now owns 23,301 shares of the company’s stock valued at $536,000 after purchasing an additional 2,749 shares in the last quarter. Finally, Legacy CG LLC lifted its holdings in shares of First Trust BuyWrite Income ETF by 0.5% in the third quarter. Legacy CG LLC now owns 671,417 shares of the company’s stock valued at $15,456,000 after purchasing an additional 3,220 shares in the last quarter.

First Trust BuyWrite Income ETF Price Performance

Shares of First Trust BuyWrite Income ETF stock opened at $23.78 on Wednesday. The firm has a market cap of $999.24 million, a price-to-earnings ratio of 18.59 and a beta of 0.72. The stock’s 50-day moving average is $23.06 and its 200-day moving average is $22.68. First Trust BuyWrite Income ETF has a one year low of $20.62 and a one year high of $23.90.

First Trust BuyWrite Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd were issued a $0.172 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.68%.

First Trust BuyWrite Income ETF Profile

The First Trust BuyWrite Income ETF (FTHI) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed portfolio of US-listed stocks, with an overlay of short calls on the S&P 500. FTHI was launched on Jan 6, 2014 and is managed by First Trust.