First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sets New 52-Week High – Here’s Why

First Trust BuyWrite Income ETF (NASDAQ:FTHI) shares reached a new 52-week high on Monday . The company traded as high as $24.05 and last traded at $24.0750, with a volume of 51514 shares trading hands. The stock had previously closed at $23.96.

First Trust BuyWrite Income ETF Stock Up 0.6%

The business’s 50 day moving average is $23.75 and its two-hundred day moving average is $23.58. The firm has a market capitalization of $2.00 billion, a P/E ratio of 25.34 and a beta of 0.64.

First Trust BuyWrite Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were issued a $0.177 dividend. This represents a c) annualized dividend and a dividend yield of 8.8%. The ex-dividend date was Wednesday, January 21st.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FTHI. Global Retirement Partners LLC increased its stake in shares of First Trust BuyWrite Income ETF by 15.4% in the fourth quarter. Global Retirement Partners LLC now owns 3,783 shares of the company’s stock worth $89,000 after acquiring an additional 504 shares during the last quarter. Novem Group increased its position in First Trust BuyWrite Income ETF by 5.0% in the 4th quarter. Novem Group now owns 11,569 shares of the company’s stock worth $273,000 after purchasing an additional 552 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of First Trust BuyWrite Income ETF by 2.1% during the 4th quarter. Sanctuary Advisors LLC now owns 27,938 shares of the company’s stock worth $660,000 after purchasing an additional 584 shares in the last quarter. Private Client Services LLC lifted its holdings in shares of First Trust BuyWrite Income ETF by 3.9% during the 3rd quarter. Private Client Services LLC now owns 16,080 shares of the company’s stock valued at $381,000 after buying an additional 597 shares during the last quarter. Finally, IMG Wealth Management Inc. grew its stake in shares of 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 buying an additional 606 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.