Cetera Investment Advisers Boosts Stake in First Trust BuyWrite Income ETF $FTHI

Cetera Investment Advisers raised its stake in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 31.1% during the 1st quarter, Holdings Channel reports. The fund owned 1,816,393 shares of the company’s stock after purchasing an additional 431,366 shares during the period. Cetera Investment Advisers’ holdings in First Trust BuyWrite Income ETF were worth $41,686,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Clearwater Capital Advisors LLC bought a new position in shares of First Trust BuyWrite Income ETF in the 1st quarter worth $290,000. Signature Equity Partners LLC boosted its position in First Trust BuyWrite Income ETF by 6.7% during the first quarter. Signature Equity Partners LLC now owns 47,759 shares of the company’s stock valued at $1,096,000 after purchasing an additional 2,989 shares in the last quarter. First Trust Advisors LP grew its stake in First Trust BuyWrite Income ETF by 27.8% in the first quarter. First Trust Advisors LP now owns 163,601 shares of the company’s stock valued at $3,755,000 after purchasing an additional 35,554 shares during the last quarter. Legacy Wealth Managment LLC ID grew its stake in First Trust BuyWrite Income ETF by 97.4% in the first quarter. Legacy Wealth Managment LLC ID now owns 70,540 shares of the company’s stock valued at $1,619,000 after purchasing an additional 34,801 shares during the last quarter. Finally, Independent Financial Group LLC purchased a new position in First Trust BuyWrite Income ETF in the first quarter valued at about $1,190,000.

First Trust BuyWrite Income ETF Stock Performance

Shares of First Trust BuyWrite Income ETF stock opened at $23.69 on Friday. The company has a market capitalization of $2.40 billion, a PE ratio of 25.34 and a beta of 0.62. The company has a 50-day simple moving average of $23.80 and a two-hundred day simple moving average of $23.66. First Trust BuyWrite Income ETF has a one year low of $22.37 and a one year high of $24.18.

First Trust BuyWrite Income ETF Increases Dividend

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

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.