Gateway Wealth Partners LLC Grows Holdings in First Trust BuyWrite Income ETF $FTHI

Gateway Wealth Partners LLC increased its holdings in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 204.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 60,484 shares of the company’s stock after purchasing an additional 40,628 shares during the period. Gateway Wealth Partners LLC’s holdings in First Trust BuyWrite Income ETF were worth $1,388,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of FTHI. LPL Financial LLC increased its stake in First Trust BuyWrite Income ETF by 19.6% in the fourth quarter. LPL Financial LLC now owns 9,018,353 shares of the company’s stock valued at $213,013,000 after purchasing an additional 1,478,322 shares during the period. Wells Fargo & Company MN raised its holdings in shares of First Trust BuyWrite Income ETF by 10.8% in the fourth quarter. Wells Fargo & Company MN now owns 6,444,777 shares of the company’s stock valued at $152,226,000 after buying an additional 626,512 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of First Trust BuyWrite Income ETF by 7.3% during the first quarter. D.A. Davidson & CO. now owns 3,010,900 shares of the company’s stock worth $69,100,000 after buying an additional 206,072 shares during the period. Ergawealth Advisors Inc. boosted its stake in shares of First Trust BuyWrite Income ETF by 87.2% during the fourth quarter. Ergawealth Advisors Inc. now owns 2,097,358 shares of the company’s stock worth $49,540,000 after buying an additional 976,948 shares during the period. Finally, Royal Bank of Canada grew its holdings in shares of First Trust BuyWrite Income ETF by 144.9% during the fourth quarter. Royal Bank of Canada now owns 2,070,586 shares of the company’s stock worth $48,907,000 after buying an additional 1,225,201 shares during the last quarter.

First Trust BuyWrite Income ETF Stock Down 0.4%

NASDAQ FTHI opened at $23.56 on Wednesday. The firm has a market cap of $2.38 billion, a P/E ratio of 25.34 and a beta of 0.62. First Trust BuyWrite Income ETF has a 52-week low of $22.37 and a 52-week high of $24.18. The business’s 50-day moving average price is $23.79 and its 200 day moving average price is $23.66.

First Trust BuyWrite Income ETF Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be given a dividend of $0.179 per share. The ex-dividend date of this dividend is Tuesday, July 21st. This is a positive change from First Trust BuyWrite Income ETF’s previous dividend of $0.17.

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.