Legacy Wealth Managment LLC ID Purchases 7,311 Shares of First Trust BuyWrite Income ETF $FTHI

Legacy Wealth Managment LLC ID raised its position in First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 34.3% during the second quarter, Holdings Channel.com reports. The institutional investor owned 28,653 shares of the company’s stock after purchasing an additional 7,311 shares during the quarter. Legacy Wealth Managment LLC ID’s holdings in First Trust BuyWrite Income ETF were worth $655,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Bank of Montreal Can bought a new position in shares of First Trust BuyWrite Income ETF in the second quarter valued at approximately $31,000. SBI Securities Co. Ltd. grew its position in First Trust BuyWrite Income ETF by 45.1% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,719 shares of the company’s stock worth $38,000 after acquiring an additional 534 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in First Trust BuyWrite Income ETF by 84.6% during the 2nd quarter. AdvisorNet Financial Inc now owns 3,508 shares of the company’s stock valued at $80,000 after purchasing an additional 1,608 shares in the last quarter. IMG Wealth Management Inc. raised its position in First Trust BuyWrite Income ETF by 16.6% in the 2nd quarter. IMG Wealth Management Inc. now owns 4,259 shares of the company’s stock valued at $97,000 after purchasing an additional 606 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC raised its position in First Trust BuyWrite Income ETF by 8.8% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 8,337 shares of the company’s stock valued at $191,000 after purchasing an additional 675 shares during the last quarter.

First Trust BuyWrite Income ETF Stock Performance

First Trust BuyWrite Income ETF stock opened at $23.59 on Friday. The business’s fifty day moving average is $23.66 and its two-hundred day moving average is $22.95. The firm has a market cap of $1.71 billion, a P/E ratio of 25.34 and a beta of 0.64. First Trust BuyWrite Income ETF has a 52 week low of $19.07 and a 52 week high of $24.09.

First Trust BuyWrite Income ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were issued a dividend of $0.177 per share. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a c) dividend on an annualized basis and a yield of 9.0%. This is an increase from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.17.

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.