D.A. Davidson & CO. Makes New $77.98 Million Investment in First Trust BuyWrite Income ETF $FTHI

D.A. Davidson & CO. bought a new stake in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) in the 3rd quarter, Holdings Channel reports. The institutional investor bought 3,305,496 shares of the company’s stock, valued at approximately $77,977,000.

Several other institutional investors and hedge funds also recently made changes to their positions in FTHI. Envestnet Asset Management Inc. lifted its stake in shares of First Trust BuyWrite Income ETF by 2.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 3,862,199 shares of the company’s stock valued at $92,113,000 after purchasing an additional 79,011 shares during the period. Royal Bank of Canada grew its stake in shares of First Trust BuyWrite Income ETF by 22.1% during the first quarter. Royal Bank of Canada now owns 2,527,288 shares of the company’s stock worth $58,001,000 after purchasing an additional 456,702 shares during the period. Cetera Investment Advisers grew its stake in shares of First Trust BuyWrite Income ETF by 31.1% during 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 during the period. Janney Montgomery Scott LLC increased its holdings in First Trust BuyWrite Income ETF by 2.7% in the first quarter. Janney Montgomery Scott LLC now owns 679,249 shares of the company’s stock valued at $15,589,000 after purchasing an additional 17,647 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings in First Trust BuyWrite Income ETF by 65.2% in the second quarter. Baird Financial Group Inc. now owns 482,564 shares of the company’s stock valued at $11,509,000 after purchasing an additional 190,463 shares during the last quarter.

First Trust BuyWrite Income ETF Stock Performance

NASDAQ:FTHI opened at $23.61 on Thursday. First Trust BuyWrite Income ETF has a 1-year low of $22.37 and a 1-year high of $24.39. The business’s 50-day moving average price is $23.79 and its two-hundred day moving average price is $23.71. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 25.34 and a beta of 0.63.

First Trust BuyWrite Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st will be given a dividend of $0.1760 per share. This represents a $2.11 annualized dividend and a dividend yield of 8.9%. The ex-dividend date is Wednesday, October 21st. This is a decrease from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.1790.

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.