Gateway Wealth Partners LLC Raises Stock Position in First Trust BuyWrite Income ETF $FTHI

Gateway Wealth Partners LLC lifted its stake in First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 204.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,484 shares of the company’s stock after buying an additional 40,628 shares during the period. Gateway Wealth Partners LLC owned approximately 0.07% of First Trust BuyWrite Income ETF worth $1,388,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FTHI. LPL Financial LLC boosted its stake in First Trust BuyWrite Income ETF by 19.6% in the fourth quarter. LPL Financial LLC now owns 9,018,353 shares of the company’s stock valued at $213,013,000 after acquiring an additional 1,478,322 shares in the last quarter. Royal Bank of Canada increased its position in shares of First Trust BuyWrite Income ETF by 144.9% during the fourth quarter. Royal Bank of Canada now owns 2,070,586 shares of the company’s stock worth $48,907,000 after purchasing an additional 1,225,201 shares in the last quarter. Ergawealth Advisors Inc. increased its position in shares of First Trust BuyWrite Income ETF by 87.2% during the fourth quarter. Ergawealth Advisors Inc. now owns 2,097,358 shares of the company’s stock worth $49,540,000 after purchasing an additional 976,948 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of First Trust BuyWrite Income ETF by 10.8% in the 4th quarter. Wells Fargo & Company MN now owns 6,444,777 shares of the company’s stock valued at $152,226,000 after purchasing an additional 626,512 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of First Trust BuyWrite Income ETF by 4,757.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 528,415 shares of the company’s stock valued at $12,530,000 after purchasing an additional 517,536 shares during the last quarter.

First Trust BuyWrite Income ETF Stock Down 0.4%

Shares of NASDAQ FTHI opened at $23.56 on Wednesday. The stock has a market cap of $2.38 billion, a PE ratio of 25.34 and a beta of 0.62. First Trust BuyWrite Income ETF has a 52-week low of $22.37 and a 52-week high of $24.18. The business has a 50-day moving average price of $23.79 and a 200 day moving average price of $23.66.

First Trust BuyWrite Income ETF Increases Dividend

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