Western Wealth Management LLC Reduces Position in First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Western Wealth Management LLC cut its position in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 13.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 62,875 shares of the company’s stock after selling 9,665 shares during the quarter. Western Wealth Management LLC’s holdings in First Trust BuyWrite Income ETF were worth $1,343,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Perigon Wealth Management LLC purchased a new position in shares of First Trust BuyWrite Income ETF during the 4th quarter worth about $267,000. Cerity Partners LLC purchased a new stake in First Trust BuyWrite Income ETF in the 4th quarter valued at about $2,464,000. Sterling Manor Financial LLC purchased a new stake in First Trust BuyWrite Income ETF in the 4th quarter valued at about $371,000. RFG Advisory LLC purchased a new stake in First Trust BuyWrite Income ETF in the 4th quarter valued at about $710,000. Finally, International Assets Investment Management LLC purchased a new stake in First Trust BuyWrite Income ETF in the 4th quarter valued at about $302,000.

First Trust BuyWrite Income ETF Price Performance

First Trust BuyWrite Income ETF stock opened at $21.75 on Friday. The stock has a market cap of $559.41 million, a price-to-earnings ratio of 18.33 and a beta of 0.64. First Trust BuyWrite Income ETF has a 1 year low of $19.56 and a 1 year high of $22.59. The firm has a 50-day moving average of $22.21 and a two-hundred day moving average of $21.45.

First Trust BuyWrite Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were given a $0.16 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.92 annualized dividend and a yield of 8.83%.

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.