First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sees Strong Trading Volume – Here’s What Happened

First Trust BuyWrite Income ETF (NASDAQ:FTHI) shares saw an uptick in trading volume on Monday . 1,028,561 shares traded hands during trading, an increase of 376% from the previous session’s volume of 215,859 shares.The stock last traded at $23.43 and had previously closed at $23.47.

First Trust BuyWrite Income ETF Stock Performance

The company has a market cap of $983.27 million, a PE ratio of 18.59 and a beta of 0.72. The firm’s 50 day moving average is $23.13 and its 200-day moving average is $22.72.

First Trust BuyWrite Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd were given a $0.172 dividend. The ex-dividend date was Tuesday, October 22nd. This represents a $2.06 dividend on an annualized basis and a dividend yield of 8.82%.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. US Bancorp DE purchased a new stake in First Trust BuyWrite Income ETF in the 1st quarter valued at $582,000. Independent Wealth Network Inc. grew its holdings in shares of First Trust BuyWrite Income ETF by 91.9% in the first quarter. Independent Wealth Network Inc. now owns 20,248 shares of the company’s stock valued at $455,000 after purchasing an additional 9,696 shares during the period. ARQ Wealth Advisors LLC acquired a new stake in First Trust BuyWrite Income ETF during the first quarter worth about $1,209,000. Cetera Investment Advisers raised its stake in First Trust BuyWrite Income ETF by 1,256.3% during the first quarter. Cetera Investment Advisers now owns 418,953 shares of the company’s stock worth $9,414,000 after purchasing an additional 388,064 shares during the period. Finally, Cetera Advisors LLC boosted its holdings in First Trust BuyWrite Income ETF by 103.7% in the 1st quarter. Cetera Advisors LLC now owns 344,549 shares of the company’s stock valued at $7,742,000 after purchasing an additional 175,363 shares during 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.