Kestra Advisory Services LLC boosted its position in First Trust BuyWrite Income ETF (NASDAQ:FTHI – Free Report) by 49.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 365,630 shares of the company’s stock after purchasing an additional 120,639 shares during the quarter. Kestra Advisory Services LLC’s holdings in First Trust BuyWrite Income ETF were worth $8,625,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Ascentis Independent Advisors bought a new stake in shares of First Trust BuyWrite Income ETF during the first quarter valued at approximately $26,000. Bullseye Investment Management LLC bought a new stake in shares of First Trust BuyWrite Income ETF during the second quarter valued at about $119,000. IMG Wealth Management Inc. lifted its holdings in First Trust BuyWrite Income ETF by 15.8% in the first quarter. IMG Wealth Management Inc. now owns 5,594 shares of the company’s stock worth $128,000 after purchasing an additional 763 shares during the period. James T. Borello RIA bought a new position in First Trust BuyWrite Income ETF in the 3rd quarter valued at about $136,000. Finally, SYM FINANCIAL Corp acquired a new position in First Trust BuyWrite Income ETF during the 3rd quarter valued at about $165,000.
First Trust BuyWrite Income ETF Trading Down 0.3%
Shares of NASDAQ:FTHI opened at $23.02 on Wednesday. First Trust BuyWrite Income ETF has a twelve month low of $22.37 and a twelve month high of $24.39. The firm has a market cap of $2.55 billion, a P/E ratio of 21.16 and a beta of 0.64. The company has a 50 day moving average of $23.64 and a 200-day moving average of $23.68.
First Trust BuyWrite Income ETF Cuts Dividend
The company also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st were paid a dividend of $0.1760 per share. This represents a $2.11 dividend on an annualized basis and a yield of 9.2%. The ex-dividend date of this dividend was Wednesday, October 21st. This is a decrease from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.1790.
First Trust BuyWrite Income ETF 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.
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