First Trust BuyWrite Income ETF (NASDAQ:FTHI) Reaches New 1-Year High at $22.64

First Trust BuyWrite Income ETF (NASDAQ:FTHI) shares reached a new 52-week high during trading on Thursday . The company traded as high as $22.64 and last traded at $22.57, with a volume of 50352 shares trading hands. The stock had previously closed at $22.58.

First Trust BuyWrite Income ETF Stock Down 0.1 %

The stock has a market cap of $589.27 million, a P/E ratio of 18.59 and a beta of 0.72. The business has a 50 day moving average price of $22.23 and a 200 day moving average price of $21.69.

First Trust BuyWrite Income ETF Increases Dividend

The business also recently announced a monthly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Wednesday, April 24th were given a dividend of $0.168 per share. This represents a $2.02 annualized dividend and a yield of 8.94%. The ex-dividend date was Tuesday, April 23rd. This is a boost from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.16.

Institutional Trading of First Trust BuyWrite Income ETF

A number of institutional investors have recently made changes to their positions in the business. Avantax Advisory Services Inc. boosted its position in shares of First Trust BuyWrite Income ETF by 174.9% in the 1st quarter. Avantax Advisory Services Inc. now owns 56,412 shares of the company’s stock worth $1,268,000 after purchasing an additional 35,891 shares in the last quarter. US Bancorp DE acquired a new position in shares of First Trust BuyWrite Income ETF during the 1st quarter worth approximately $582,000. Concurrent Investment Advisors LLC boosted its holdings in shares of First Trust BuyWrite Income ETF by 26.0% during the 1st quarter. Concurrent Investment Advisors LLC now owns 37,056 shares of the company’s stock worth $833,000 after purchasing an additional 7,652 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of First Trust BuyWrite Income ETF by 17.6% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 74,031 shares of the company’s stock worth $1,663,000 after purchasing an additional 11,081 shares during the last quarter. Finally, Csenge Advisory Group boosted its holdings in shares of First Trust BuyWrite Income ETF by 42.9% during the 1st quarter. Csenge Advisory Group now owns 72,078 shares of the company’s stock worth $1,620,000 after purchasing an additional 21,629 shares during the last quarter.

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.