145,629 Shares in First Trust BuyWrite Income ETF (NASDAQ:FTHI) Bought by RiverTree Advisors LLC

RiverTree Advisors LLC bought a new stake in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 145,629 shares of the company’s stock, valued at approximately $3,272,000. First Trust BuyWrite Income ETF comprises approximately 2.2% of RiverTree Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. RiverTree Advisors LLC owned 0.57% of First Trust BuyWrite Income ETF at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Raleigh Capital Management Inc. increased its holdings in shares of First Trust BuyWrite Income ETF by 53.5% during the 3rd quarter. Raleigh Capital Management Inc. now owns 2,846 shares of the company’s stock worth $58,000 after purchasing an additional 992 shares during the period. Parallel Advisors LLC acquired a new position in First Trust BuyWrite Income ETF in the 4th quarter valued at approximately $121,000. Channel Wealth LLC bought a new stake in shares of First Trust BuyWrite Income ETF in the 4th quarter worth approximately $211,000. Independent Wealth Network Inc. acquired a new stake in shares of First Trust BuyWrite Income ETF during the 4th quarter worth approximately $225,000. Finally, Perigon Wealth Management LLC bought a new stake in shares of First Trust BuyWrite Income ETF during the fourth quarter valued at approximately $267,000.

First Trust BuyWrite Income ETF Trading Up 0.2 %

FTHI stock traded up $0.05 during midday trading on Friday, hitting $22.53. The stock had a trading volume of 55,166 shares, compared to its average volume of 209,662. The firm has a market capitalization of $588.48 million, a price-to-earnings ratio of 18.59 and a beta of 0.72. The stock has a 50-day simple moving average of $22.34 and a 200 day simple moving average of $22.05. First Trust BuyWrite Income ETF has a 52 week low of $19.56 and a 52 week high of $22.68.

First Trust BuyWrite Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 27th will be given a dividend of $0.168 per share. The ex-dividend date is Thursday, June 27th. This represents a $2.02 annualized dividend and a dividend yield of 8.95%.

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.