Commonwealth Equity Services LLC Buys New Position in First Trust BuyWrite Income ETF $FTHI

Commonwealth Equity Services LLC purchased a new position in First Trust BuyWrite Income ETF (NASDAQ:FTHI) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,842,874 shares of the company’s stock, valued at approximately $43,473,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of FTHI. Envestnet Asset Management Inc. increased its holdings 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 worth $92,113,000 after buying an additional 79,011 shares during the last quarter. D.A. Davidson & CO. bought a new stake in shares of First Trust BuyWrite Income ETF during the 3rd quarter worth $77,977,000. Royal Bank of Canada lifted its holdings in shares of First Trust BuyWrite Income ETF by 22.1% during the 1st quarter. Royal Bank of Canada now owns 2,527,288 shares of the company’s stock worth $58,001,000 after acquiring an additional 456,702 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of First Trust BuyWrite Income ETF by 31.1% during the 1st quarter. Cetera Investment Advisers now owns 1,816,393 shares of the company’s stock worth $41,686,000 after acquiring an additional 431,366 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in First Trust BuyWrite Income ETF by 1,035.5% in the third quarter. International Assets Investment Management LLC now owns 600,000 shares of the company’s stock worth $14,154,000 after acquiring an additional 547,158 shares in the last quarter.

First Trust BuyWrite Income ETF Stock Performance

Shares of NASDAQ:FTHI opened at $22.62 on Friday. First Trust BuyWrite Income ETF has a 52-week low of $22.37 and a 52-week high of $24.39. The firm has a fifty day moving average of $23.67 and a 200 day moving average of $23.68. The firm has a market capitalization of $2.48 billion, a PE ratio of 25.34 and a beta of 0.64.

First Trust BuyWrite Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st were given a dividend of $0.1760 per share. The ex-dividend date was Wednesday, October 21st. This is a negative change from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.1790. This represents a $2.11 dividend on an annualized basis and a yield of 9.3%.

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.