First Trust BuyWrite Income ETF (NASDAQ:FTHI) Shareholders to Get $0.18 Monthly Dividend

First Trust BuyWrite Income ETF (NASDAQ:FTHI) announced a monthly dividend on Tuesday, October 20th. Shareholders of record on Wednesday, October 21st will be paid a dividend of $0.1760 per share on Friday, October 30th. This represents a $2.11 dividend on an annualized basis and a yield of 9.0%. The ex-dividend date of this dividend is Wednesday, October 21st. This is a 1.7% decrease from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.1790.

First Trust BuyWrite Income ETF Stock Down 0.5%

NASDAQ FTHI traded down $0.11 during midday trading on Wednesday, hitting $23.60. The company had a trading volume of 167,267 shares, compared to its average volume of 707,681. The firm has a fifty day simple moving average of $23.87 and a two-hundred day simple moving average of $23.78. First Trust BuyWrite Income ETF has a fifty-two week low of $22.37 and a fifty-two week high of $24.39. The stock has a market cap of $2.55 billion, a price-to-earnings ratio of 25.34 and a beta of 0.63.

Institutional Investors Weigh In On First Trust BuyWrite Income ETF

Several hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada increased its stake in First Trust BuyWrite Income ETF by 22.1% in the first quarter. Royal Bank of Canada now owns 2,527,288 shares of the company’s stock valued at $58,001,000 after acquiring an additional 456,702 shares during the period. Cetera Investment Advisers raised its position in First Trust BuyWrite Income ETF by 31.1% in the first quarter. Cetera Investment Advisers now owns 1,816,393 shares of the company’s stock worth $41,686,000 after purchasing an additional 431,366 shares in the last quarter. Ameritas Advisory Services LLC raised its position in First Trust BuyWrite Income ETF by 652.0% in the second quarter. Ameritas Advisory Services LLC now owns 303,003 shares of the company’s stock worth $7,227,000 after purchasing an additional 262,712 shares in the last quarter. Farther Finance Advisors LLC raised its position in First Trust BuyWrite Income ETF by 105.7% in the third quarter. Farther Finance Advisors LLC now owns 454,615 shares of the company’s stock worth $10,724,000 after purchasing an additional 233,589 shares in the last quarter. Finally, Foresight Capital Management Advisors Inc. acquired a new position in First Trust BuyWrite Income ETF in the second quarter worth about $5,053,000.

First Trust BuyWrite Income ETF Company 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.