First Trust BuyWrite Income ETF (NASDAQ:FTHI) Reaches New 1-Year High Following Dividend Announcement

First Trust BuyWrite Income ETF (NASDAQ:FTHI)’s share price hit a new 52-week high during mid-day trading on Monday following a dividend announcement from the company. The stock traded as high as $23.60 and last traded at $23.34, with a volume of 20790 shares traded. The stock had previously closed at $23.40.

The newly announced dividend which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd will be issued a dividend of $0.172 per share. The ex-dividend date of this dividend is Tuesday, October 22nd.

First Trust BuyWrite Income ETF Trading Down 0.8 %

The firm has a market capitalization of $955.73 million, a price-to-earnings ratio of 18.59 and a beta of 0.72. The company has a fifty day moving average price of $22.88 and a 200-day moving average price of $22.55.

Institutional Investors Weigh In On First Trust BuyWrite Income ETF

Several institutional investors have recently made changes to their positions in FTHI. Legacy CG LLC acquired a new stake in First Trust BuyWrite Income ETF in the 2nd quarter worth approximately $15,014,000. Cetera Investment Advisers lifted its holdings in First Trust BuyWrite Income ETF by 1,256.3% in the 1st 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 last quarter. LPL Financial LLC lifted its holdings in First Trust BuyWrite Income ETF by 11.0% in the 2nd quarter. LPL Financial LLC now owns 3,872,632 shares of the company’s stock worth $87,018,000 after purchasing an additional 382,370 shares during the last quarter. Cetera Advisors LLC lifted its holdings in First Trust BuyWrite Income ETF by 103.7% in the 1st quarter. Cetera Advisors LLC now owns 344,549 shares of the company’s stock worth $7,742,000 after purchasing an additional 175,363 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in First Trust BuyWrite Income ETF by 250.4% in the 1st quarter. Commonwealth Equity Services LLC now owns 235,691 shares of the company’s stock worth $5,296,000 after purchasing an additional 168,434 shares during 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.