Private Client Services LLC Makes New Investment in First Trust BuyWrite Income ETF $FTHI

Private Client Services LLC purchased a new position in First Trust BuyWrite Income ETF (NASDAQ:FTHI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 31,291 shares of the company’s stock, valued at approximately $738,000.

Other hedge funds have also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in First Trust BuyWrite Income ETF by 2.1% in the second 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 last quarter. Bullseye Investment Management LLC bought a new stake in shares of First Trust BuyWrite Income ETF in the 2nd quarter valued at about $119,000. Capital Analysts LLC grew its position in shares of First Trust BuyWrite Income ETF by 7.5% in the 2nd quarter. Capital Analysts LLC now owns 28,384 shares of the company’s stock worth $677,000 after buying an additional 1,992 shares during the last quarter. RFG Advisory LLC grew its position in shares of First Trust BuyWrite Income ETF by 64.0% in the 2nd quarter. RFG Advisory LLC now owns 188,692 shares of the company’s stock worth $4,500,000 after buying an additional 73,644 shares during the last quarter. Finally, NewEdge Advisors LLC raised its stake in shares of First Trust BuyWrite Income ETF by 55.0% during the 2nd quarter. NewEdge Advisors LLC now owns 102,951 shares of the company’s stock worth $2,455,000 after acquiring an additional 36,525 shares in the last quarter.

First Trust BuyWrite Income ETF Stock Up 0.6%

Shares of NASDAQ FTHI traded up $0.14 during trading hours on Friday, hitting $23.75. 213,729 shares of the stock were exchanged, compared to its average volume of 711,883. First Trust BuyWrite Income ETF has a 12 month low of $22.37 and a 12 month high of $24.39. The firm has a fifty day moving average price of $23.86 and a 200-day moving average price of $23.70. The company has a market cap of $2.54 billion, a PE ratio of 25.34 and a beta of 0.62.

First Trust BuyWrite Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a dividend of $0.1790 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.15 dividend on an annualized basis and a dividend yield of 9.0%.

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.