First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sees Unusually-High Trading Volume

Shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) saw unusually-high trading volume on Thursday . Approximately 400,580 shares were traded during trading, an increase of 86% from the previous session’s volume of 215,194 shares.The stock last traded at $22.68 and had previously closed at $22.60.

First Trust BuyWrite Income ETF Stock Up 0.4 %

The company’s 50 day moving average is $22.53 and its two-hundred day moving average is $22.39. The company has a market capitalization of $798.71 million, a PE ratio of 18.59 and a beta of 0.72.

First Trust BuyWrite Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 21st were paid a dividend of $0.168 per share. This represents a $2.02 dividend on an annualized basis and a yield of 8.83%. The ex-dividend date of this dividend was Wednesday, August 21st.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. increased its stake in First Trust BuyWrite Income ETF by 16.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 74,146 shares of the company’s stock worth $1,666,000 after purchasing an additional 10,585 shares during the period. AE Wealth Management LLC increased its position in shares of First Trust BuyWrite Income ETF by 25.8% during the second quarter. AE Wealth Management LLC now owns 27,458 shares of the company’s stock worth $617,000 after acquiring an additional 5,624 shares during the period. J.W. Cole Advisors Inc. bought a new stake in shares of First Trust BuyWrite Income ETF during the second quarter valued at approximately $220,000. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust BuyWrite Income ETF by 34.0% in the second quarter. Envestnet Asset Management Inc. now owns 334,988 shares of the company’s stock valued at $7,527,000 after purchasing an additional 85,052 shares during the period. Finally, LPL Financial LLC grew its stake in First Trust BuyWrite Income ETF by 11.0% in the second quarter. LPL Financial LLC now owns 3,872,632 shares of the company’s stock worth $87,018,000 after purchasing an additional 382,370 shares in the last quarter.

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.