RiverFront Investment Group LLC Cuts Position in First Trust BuyWrite Income ETF (NASDAQ:FTHI)

RiverFront Investment Group LLC lessened its position in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 4.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 361,541 shares of the company’s stock after selling 17,695 shares during the quarter. RiverFront Investment Group LLC owned about 1.88% of First Trust BuyWrite Income ETF worth $7,723,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Raleigh Capital Management Inc. lifted its stake in shares of First Trust BuyWrite Income ETF by 53.5% in the 3rd quarter. Raleigh Capital Management Inc. now owns 2,846 shares of the company’s stock valued at $58,000 after purchasing an additional 992 shares during the last quarter. Channel Wealth LLC bought a new stake in shares of First Trust BuyWrite Income ETF during the 4th quarter worth approximately $211,000. Independent Wealth Network Inc. bought a new stake in shares of First Trust BuyWrite Income ETF during the 4th quarter worth approximately $225,000. Perigon Wealth Management LLC bought a new stake in shares of First Trust BuyWrite Income ETF during the 4th quarter worth approximately $267,000. Finally, Treasure Coast Financial Planning lifted its stake in shares of First Trust BuyWrite Income ETF by 20.4% during the 4th quarter. Treasure Coast Financial Planning now owns 14,175 shares of the company’s stock worth $303,000 after acquiring an additional 2,400 shares during the last quarter.

First Trust BuyWrite Income ETF Trading Up 0.7 %

Shares of FTHI stock traded up $0.15 on Friday, reaching $22.04. 142,034 shares of the company’s stock were exchanged, compared to its average volume of 205,376. First Trust BuyWrite Income ETF has a 52 week low of $19.56 and a 52 week high of $22.59. The stock has a market capitalization of $569.07 million, a PE ratio of 18.33 and a beta of 0.72. The company’s fifty day simple moving average is $22.20 and its 200 day simple moving average is $21.51.

First Trust BuyWrite Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Investors of record on Wednesday, April 24th will be paid a dividend of $0.168 per share. This is a positive change from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.16. This represents a $2.02 dividend on an annualized basis and a dividend yield of 9.15%. The ex-dividend date is Tuesday, April 23rd.

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.