Moors & Cabot Inc. Invests $207,000 in First Trust BuyWrite Income ETF $FTHI

Moors & Cabot Inc. acquired a new position in First Trust BuyWrite Income ETF (NASDAQ:FTHI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 9,050 shares of the company’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its holdings in shares of First Trust BuyWrite Income ETF by 4.7% in the first quarter. Geneos Wealth Management Inc. now owns 29,105 shares of the company’s stock worth $636,000 after acquiring an additional 1,310 shares during the period. Goldman Sachs Group Inc. bought a new stake in shares of First Trust BuyWrite Income ETF during the 1st quarter valued at $901,000. Avantax Advisory Services Inc. lifted its holdings in First Trust BuyWrite Income ETF by 42.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 130,685 shares of the company’s stock worth $2,857,000 after purchasing an additional 39,012 shares in the last quarter. Novem Group purchased a new stake in First Trust BuyWrite Income ETF during the 2nd quarter worth about $256,000. Finally, Truist Financial Corp boosted its stake in First Trust BuyWrite Income ETF by 11.8% in the 2nd quarter. Truist Financial Corp now owns 94,565 shares of the company’s stock worth $2,161,000 after purchasing an additional 9,983 shares during the period.

First Trust BuyWrite Income ETF Stock Up 0.1%

FTHI stock opened at $23.59 on Monday. The stock has a 50-day simple moving average of $23.66 and a two-hundred day simple moving average of $22.97. First Trust BuyWrite Income ETF has a twelve month low of $19.07 and a twelve month high of $24.09. The firm has a market capitalization of $1.71 billion, a PE ratio of 25.34 and a beta of 0.64.

First Trust BuyWrite Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 21st were issued a dividend of $0.177 per share. This is a boost from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.17. 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%.

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.