Legacy Wealth Managment LLC ID Increases Stock Position in First Trust BuyWrite Income ETF $FTHI

Legacy Wealth Managment LLC ID grew its holdings in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 95.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 137,965 shares of the company’s stock after buying an additional 67,425 shares during the period. First Trust BuyWrite Income ETF makes up 1.5% of Legacy Wealth Managment LLC ID’s investment portfolio, making the stock its 16th largest position. Legacy Wealth Managment LLC ID’s holdings in First Trust BuyWrite Income ETF were worth $3,290,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of FTHI. LPL Financial LLC increased its stake in shares of First Trust BuyWrite Income ETF by 19.6% in the 4th quarter. LPL Financial LLC now owns 9,018,353 shares of the company’s stock worth $213,013,000 after acquiring an additional 1,478,322 shares in the last quarter. Wells Fargo & Company MN increased its position in First Trust BuyWrite Income ETF by 10.8% during the 4th quarter. Wells Fargo & Company MN now owns 6,444,777 shares of the company’s stock valued at $152,226,000 after buying an additional 626,512 shares in the last quarter. D.A. Davidson & CO. raised its stake in First Trust BuyWrite Income ETF by 7.3% during the first quarter. D.A. Davidson & CO. now owns 3,010,900 shares of the company’s stock valued at $69,100,000 after buying an additional 206,072 shares during the last quarter. Royal Bank of Canada raised its stake in First Trust BuyWrite Income ETF by 22.1% during the first quarter. Royal Bank of Canada now owns 2,527,288 shares of the company’s stock valued at $58,001,000 after buying an additional 456,702 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in First Trust BuyWrite Income ETF by 31.1% during the first quarter. Cetera Investment Advisers now owns 1,816,393 shares of the company’s stock valued at $41,686,000 after buying an additional 431,366 shares during the last quarter.

First Trust BuyWrite Income ETF Trading Up 0.9%

First Trust BuyWrite Income ETF stock opened at $24.09 on Friday. First Trust BuyWrite Income ETF has a 12 month low of $22.37 and a 12 month high of $24.39. The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 25.34 and a beta of 0.62. The business’s fifty day simple moving average is $23.86 and its two-hundred day simple moving average is $23.67.

First Trust BuyWrite Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were paid a $0.179 dividend. The ex-dividend date was Friday, August 21st. This represents a c) dividend on an annualized basis and a yield of 8.9%.

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.