RFG Advisory LLC Boosts Stock Position in First Trust BuyWrite Income ETF $FTHI

RFG Advisory LLC boosted its stake in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 168.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 51,940 shares of the company’s stock after buying an additional 32,607 shares during the period. RFG Advisory LLC owned approximately 0.07% of First Trust BuyWrite Income ETF worth $1,231,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its holdings in shares of First Trust BuyWrite Income ETF by 9.1% during the third quarter. Envestnet Asset Management Inc. now owns 3,248,815 shares of the company’s stock valued at $77,029,000 after acquiring an additional 270,466 shares in the last quarter. D.A. Davidson & CO. grew its position in First Trust BuyWrite Income ETF by 5.5% during the 3rd quarter. D.A. Davidson & CO. now owns 2,623,867 shares of the company’s stock valued at $62,212,000 after purchasing an additional 137,478 shares during the last quarter. Commonwealth Equity Services LLC increased its stake in First Trust BuyWrite Income ETF by 140.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,545,547 shares of the company’s stock valued at $36,645,000 after purchasing an additional 903,553 shares in the last quarter. Ergawealth Advisors Inc. raised its holdings in First Trust BuyWrite Income ETF by 203.2% in the third quarter. Ergawealth Advisors Inc. now owns 1,120,410 shares of the company’s stock worth $26,565,000 after buying an additional 750,861 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in First Trust BuyWrite Income ETF by 0.9% in the second quarter. Cetera Investment Advisers now owns 698,676 shares of the company’s stock worth $15,965,000 after buying an additional 6,492 shares during the last quarter.

First Trust BuyWrite Income ETF Stock Performance

Shares of NASDAQ FTHI opened at $24.03 on Thursday. The firm’s 50 day moving average price is $23.78 and its 200-day moving average price is $23.60. First Trust BuyWrite Income ETF has a 52-week low of $19.07 and a 52-week high of $24.18. The company has a market cap of $1.99 billion, a PE ratio of 25.34 and a beta of 0.64.

First Trust BuyWrite Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were paid a dividend of $0.177 per share. This represents a c) annualized dividend and a yield of 8.8%. The ex-dividend date was Wednesday, January 21st.

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.