First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sets New 52-Week High – Time to Buy?

First Trust BuyWrite Income ETF (NASDAQ:FTHI – Get Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $24.18 and last traded at $24.17, with a volume of 136805 shares trading hands. The stock had previously closed at $23.96.

First Trust BuyWrite Income ETF Stock Performance

The stock’s 50 day simple moving average is $23.78 and its 200 day simple moving average is $23.65. The firm has a market cap of $2.46 billion, a PE ratio of 25.34 and a beta of 0.62.

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First Trust BuyWrite Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were issued a dividend of $0.179 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This is an increase from First Trust BuyWrite Income ETF’s previous dividend of $0.17.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in First Trust BuyWrite Income ETF during the third quarter worth about $27,000. Ascentis Independent Advisors bought a new position in shares of First Trust BuyWrite Income ETF during the 1st quarter valued at about $26,000. Global Retirement Partners LLC increased its position in shares of First Trust BuyWrite Income ETF by 15.4% during the 4th quarter. Global Retirement Partners LLC now owns 3,783 shares of the company’s stock valued at $89,000 after purchasing an additional 504 shares during the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of First Trust BuyWrite Income ETF by 21.4% during the 3rd quarter. Aptus Capital Advisors LLC now owns 5,384 shares of the company’s stock valued at $128,000 after buying an additional 949 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of First Trust BuyWrite Income ETF during the 4th quarter valued at about $131,000.

About First Trust BuyWrite Income ETF

(Get Free Report)

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.

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