Elevation Wealth Partners LLC Buys 150,240 Shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Elevation Wealth Partners LLC increased its position in First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 649.2% during the fourth quarter, HoldingsChannel.com reports. The firm owned 173,382 shares of the company’s stock after acquiring an additional 150,240 shares during the quarter. First Trust BuyWrite Income ETF makes up approximately 1.7% of Elevation Wealth Partners LLC’s holdings, making the stock its 12th largest holding. Elevation Wealth Partners LLC’s holdings in First Trust BuyWrite Income ETF were worth $4,112,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of FTHI. Wilmington Savings Fund Society FSB purchased a new position in First Trust BuyWrite Income ETF in the third quarter worth about $50,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in First Trust BuyWrite Income ETF in the 4th quarter worth approximately $51,000. GoalVest Advisory LLC bought a new position in First Trust BuyWrite Income ETF in the 3rd quarter valued at approximately $53,000. AdvisorNet Financial Inc bought a new position in First Trust BuyWrite Income ETF in the 4th quarter valued at approximately $65,000. Finally, GPS Wealth Strategies Group LLC boosted its stake in First Trust BuyWrite Income ETF by 26.5% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 5,498 shares of the company’s stock valued at $128,000 after purchasing an additional 1,152 shares during the last quarter.

First Trust BuyWrite Income ETF Price Performance

First Trust BuyWrite Income ETF stock opened at $23.57 on Monday. First Trust BuyWrite Income ETF has a one year low of $20.96 and a one year high of $24.09. The business’s fifty day moving average is $23.57 and its 200 day moving average is $23.17. The stock has a market capitalization of $1.16 billion, a PE ratio of 18.59 and a beta of 0.72.

First Trust BuyWrite Income ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were given a dividend of $0.174 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This is a boost from First Trust BuyWrite Income ETF’s previous dividend of $0.17.

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.