First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sees Unusually-High Trading Volume – Still a Buy?

First Trust BuyWrite Income ETF (NASDAQ:FTHI) saw an uptick in trading volume on Tuesday . 368,928 shares were traded during mid-day trading, an increase of 36% from the previous session’s volume of 272,261 shares.The stock last traded at $22.59 and had previously closed at $22.54.

First Trust BuyWrite Income ETF Stock Down 1.0 %

The stock’s fifty day simple moving average is $23.06 and its two-hundred day simple moving average is $23.25. The firm has a market cap of $1.10 billion, a PE ratio of 24.09 and a beta of 0.72.

First Trust BuyWrite Income ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were given a dividend of $0.174 per share. The ex-dividend date was Friday, February 21st.

Institutional Investors Weigh In On First Trust BuyWrite Income ETF

Hedge funds have recently added to or reduced their stakes in the stock. D.A. Davidson & CO. raised its position in shares of First Trust BuyWrite Income ETF by 3.5% in the 3rd quarter. D.A. Davidson & CO. now owns 102,876 shares of the company’s stock worth $2,368,000 after purchasing an additional 3,485 shares during the last quarter. CreativeOne Wealth LLC purchased a new position in First Trust BuyWrite Income ETF in the third quarter worth about $5,665,000. Rockefeller Capital Management L.P. bought a new position in shares of First Trust BuyWrite Income ETF in the third quarter worth approximately $2,779,000. Arete Wealth Advisors LLC lifted its stake in shares of First Trust BuyWrite Income ETF by 15.2% in the third quarter. Arete Wealth Advisors LLC now owns 10,341 shares of the company’s stock worth $237,000 after buying an additional 1,361 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its holdings in shares of First Trust BuyWrite Income ETF by 550.4% during the third quarter. Benjamin Edwards Inc. now owns 34,790 shares of the company’s stock valued at $801,000 after buying an additional 29,441 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.