D.A. Davidson & CO. Makes New Investment in First Trust BuyWrite Income ETF $FTHI

D.A. Davidson & CO. bought a new stake in First Trust BuyWrite Income ETF (NASDAQ:FTHI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 3,305,496 shares of the company’s stock, valued at approximately $77,977,000. D.A. Davidson & CO. owned 3.04% of First Trust BuyWrite Income ETF as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Waverly Advisors LLC lifted its stake in shares of First Trust BuyWrite Income ETF by 4.3% during the second quarter. Waverly Advisors LLC now owns 10,794 shares of the company’s stock valued at $257,000 after acquiring an additional 444 shares during the period. LVZ Inc. boosted its holdings in First Trust BuyWrite Income ETF by 0.9% in the first quarter. LVZ Inc. now owns 64,152 shares of the company’s stock valued at $1,472,000 after acquiring an additional 551 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in First Trust BuyWrite Income ETF by 4.6% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 12,593 shares of the company’s stock valued at $300,000 after acquiring an additional 552 shares during the last quarter. Gentry Private Wealth LLC boosted its holdings in First Trust BuyWrite Income ETF by 2.8% in the first quarter. Gentry Private Wealth LLC now owns 21,321 shares of the company’s stock valued at $489,000 after acquiring an additional 573 shares during the last quarter. Finally, Sovran Advisors LLC boosted its holdings in First Trust BuyWrite Income ETF by 2.1% in the first quarter. Sovran Advisors LLC now owns 28,596 shares of the company’s stock valued at $677,000 after acquiring an additional 594 shares during the last quarter.

First Trust BuyWrite Income ETF Price Performance

Shares of FTHI stock opened at $23.61 on Thursday. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 25.34 and a beta of 0.63. First Trust BuyWrite Income ETF has a 12 month low of $22.37 and a 12 month high of $24.39. The stock has a 50-day moving average price of $23.79 and a 200 day moving average price of $23.71.

First Trust BuyWrite Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st will be paid a $0.1760 dividend. This is a drop from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.1790. The ex-dividend date of this dividend is Wednesday, October 21st. This represents a $2.11 annualized dividend and a dividend yield of 8.9%.

First Trust BuyWrite Income ETF Company 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.