Brookstone Capital Management Acquires 1,652 Shares of First Trust BuyWrite Income ETF $FTHI

Brookstone Capital Management raised its holdings in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 4.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,281 shares of the company’s stock after purchasing an additional 1,652 shares during the quarter. Brookstone Capital Management’s holdings in First Trust BuyWrite Income ETF were worth $966,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the business. LPL Financial LLC lifted its position in First Trust BuyWrite Income ETF by 18.7% during the first quarter. LPL Financial LLC now owns 6,559,349 shares of the company’s stock valued at $143,387,000 after purchasing an additional 1,033,980 shares during the last quarter. Raymond James Financial Inc. lifted its position in First Trust BuyWrite Income ETF by 27.3% during the first quarter. Raymond James Financial Inc. now owns 3,069,881 shares of the company’s stock valued at $67,108,000 after purchasing an additional 659,083 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in First Trust BuyWrite Income ETF by 820.0% during the first quarter. Envestnet Asset Management Inc. now owns 3,027,842 shares of the company’s stock valued at $66,189,000 after purchasing an additional 2,698,727 shares during the last quarter. D.A. Davidson & CO. lifted its position in First Trust BuyWrite Income ETF by 3.3% during the second quarter. D.A. Davidson & CO. now owns 2,486,389 shares of the company’s stock valued at $56,814,000 after purchasing an additional 80,365 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in First Trust BuyWrite Income ETF by 13.4% during the second quarter. Janney Montgomery Scott LLC now owns 786,087 shares of the company’s stock valued at $17,962,000 after purchasing an additional 93,151 shares during the last quarter.

First Trust BuyWrite Income ETF Stock Up 0.6%

FTHI stock opened at $23.75 on Friday. First Trust BuyWrite Income ETF has a 52 week low of $19.07 and a 52 week high of $24.09. The company has a fifty day simple moving average of $23.55 and a two-hundred day simple moving average of $22.75. The firm has a market capitalization of $1.69 billion, a P/E ratio of 25.34 and a beta of 0.72.

First Trust BuyWrite Income ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be issued a $0.177 dividend. This is a boost from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.17. The ex-dividend date is Tuesday, October 21st. This represents a c) annualized dividend and a dividend yield of 8.9%.

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.