First Trust BuyWrite Income ETF (NASDAQ:FTHI) Reaches New 1-Year High at $22.72

Shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) hit a new 52-week high during trading on Wednesday . The stock traded as high as $22.72 and last traded at $22.64, with a volume of 19022 shares traded. The stock had previously closed at $22.60.

First Trust BuyWrite Income ETF Stock Performance

The firm’s 50 day moving average price is $22.38 and its two-hundred day moving average price is $22.08. The company has a market cap of $591.36 million, a P/E ratio of 18.59 and a beta of 0.72.

First Trust BuyWrite Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a dividend of $0.168 per share. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $2.02 annualized dividend and a dividend yield of 8.90%.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Advisors LLC raised its stake in First Trust BuyWrite Income ETF by 103.7% during the 1st quarter. Cetera Advisors LLC now owns 344,549 shares of the company’s stock worth $7,742,000 after buying an additional 175,363 shares during the period. Cetera Investment Advisers raised its position in shares of First Trust BuyWrite Income ETF by 1,256.3% during the first quarter. Cetera Investment Advisers now owns 418,953 shares of the company’s stock worth $9,414,000 after purchasing an additional 388,064 shares during the period. ARQ Wealth Advisors LLC bought a new position in shares of First Trust BuyWrite Income ETF in the 1st quarter worth $1,209,000. Independent Wealth Network Inc. grew its position in First Trust BuyWrite Income ETF by 91.9% in the 1st quarter. Independent Wealth Network Inc. now owns 20,248 shares of the company’s stock valued at $455,000 after purchasing an additional 9,696 shares during the period. Finally, Avantax Advisory Services Inc. increased its stake in First Trust BuyWrite Income ETF by 174.9% during the 1st quarter. Avantax Advisory Services Inc. now owns 56,412 shares of the company’s stock valued at $1,268,000 after purchasing an additional 35,891 shares in the last quarter.

About First Trust BuyWrite Income ETF

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.