Raymond James Financial Inc. Invests $56.10 Million in First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Raymond James Financial Inc. bought a new position in First Trust BuyWrite Income ETF (NASDAQ:FTHI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,410,798 shares of the company’s stock, valued at approximately $56,099,000. Raymond James Financial Inc. owned about 4.89% of First Trust BuyWrite Income ETF as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in FTHI. LPL Financial LLC grew its holdings in shares of First Trust BuyWrite Income ETF by 22.7% in the third quarter. LPL Financial LLC now owns 4,753,553 shares of the company’s stock worth $109,427,000 after purchasing an additional 880,921 shares during the last quarter. CreativeOne Wealth LLC bought a new stake in First Trust BuyWrite Income ETF in the third quarter valued at $5,665,000. JPMorgan Chase & Co. boosted its holdings in First Trust BuyWrite Income ETF by 138,919.8% in the third quarter. JPMorgan Chase & Co. now owns 182,116 shares of the company’s stock valued at $4,192,000 after acquiring an additional 181,985 shares in the last quarter. Stifel Financial Corp boosted its holdings in First Trust BuyWrite Income ETF by 38.4% in the third quarter. Stifel Financial Corp now owns 645,420 shares of the company’s stock valued at $14,858,000 after acquiring an additional 178,982 shares in the last quarter. Finally, Elevation Wealth Partners LLC boosted its holdings in First Trust BuyWrite Income ETF by 649.2% in the fourth quarter. Elevation Wealth Partners LLC now owns 173,382 shares of the company’s stock valued at $4,112,000 after acquiring an additional 150,240 shares in the last quarter.

First Trust BuyWrite Income ETF Stock Down 2.6 %

NASDAQ:FTHI opened at $21.89 on Tuesday. The stock has a market cap of $1.08 billion, a P/E ratio of 24.49 and a beta of 0.72. The firm’s fifty day simple moving average is $23.37 and its 200 day simple moving average is $23.30. First Trust BuyWrite Income ETF has a twelve month low of $20.96 and a twelve month high of $24.09.

First Trust BuyWrite Income ETF Announces Dividend

The business also recently declared a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.174 dividend. The ex-dividend date of this dividend was Friday, February 21st.

First Trust BuyWrite Income ETF Company 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.