37,944 Shares of First Trust BuyWrite Income ETF $FTHI Bought by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC bought a new position in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 37,944 shares of the company’s stock, valued at approximately $895,000.

A number of other hedge funds also recently added to or reduced their stakes in FTHI. Ascentis Independent Advisors acquired a new stake in shares of First Trust BuyWrite Income ETF during the 1st quarter valued at approximately $26,000. Bullseye Investment Management LLC purchased a new stake in shares of First Trust BuyWrite Income ETF during the 2nd quarter worth approximately $119,000. IMG Wealth Management Inc. boosted its stake in shares of First Trust BuyWrite Income ETF by 15.8% during the 1st quarter. IMG Wealth Management Inc. now owns 5,594 shares of the company’s stock worth $128,000 after acquiring an additional 763 shares in the last quarter. James T. Borello RIA purchased a new stake in shares of First Trust BuyWrite Income ETF during the 3rd quarter worth approximately $136,000. Finally, Western Wealth Management LLC purchased a new stake in shares of First Trust BuyWrite Income ETF during the 1st quarter worth approximately $237,000.

First Trust BuyWrite Income ETF Price Performance

NASDAQ FTHI opened at $23.61 on Thursday. First Trust BuyWrite Income ETF has a 1-year low of $22.37 and a 1-year high of $24.39. The company has a market capitalization of $2.57 billion, a P/E ratio of 25.34 and a beta of 0.63. The business 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 company also recently announced a monthly dividend, which will be paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st will be given a dividend of $0.1760 per share. The ex-dividend date is Wednesday, October 21st. This is a negative change from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.1790. This represents a $2.11 dividend on an annualized basis and a yield of 8.9%.

First Trust BuyWrite Income ETF 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.