HBW Advisory Services LLC Purchases New Stake in First Trust BuyWrite Income ETF $FTHI

HBW Advisory Services LLC purchased a new stake in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 213,902 shares of the company’s stock, valued at approximately $5,072,000.

A number of other hedge funds have also recently modified their holdings of the company. Private Client Services LLC boosted its holdings in shares of First Trust BuyWrite Income ETF by 3.9% during the third quarter. Private Client Services LLC now owns 16,080 shares of the company’s stock worth $381,000 after purchasing an additional 597 shares during the period. IMG Wealth Management Inc. increased its holdings in First Trust BuyWrite Income ETF by 16.6% during the 2nd quarter. IMG Wealth Management Inc. now owns 4,259 shares of the company’s stock valued at $97,000 after purchasing an additional 606 shares during the period. GPS Wealth Strategies Group LLC raised its position in First Trust BuyWrite Income ETF by 8.8% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 8,337 shares of the company’s stock valued at $191,000 after purchasing an additional 675 shares during the last quarter. Brookstone Capital Management raised its position in First Trust BuyWrite Income ETF by 1.8% during the 3rd quarter. Brookstone Capital Management now owns 43,024 shares of the company’s stock valued at $1,020,000 after purchasing an additional 743 shares during the last quarter. Finally, Gentry Private Wealth LLC lifted its holdings in First Trust BuyWrite Income ETF by 2.6% in the 2nd quarter. Gentry Private Wealth LLC now owns 31,258 shares of the company’s stock worth $714,000 after buying an additional 786 shares during the period.

First Trust BuyWrite Income ETF Stock Performance

Shares of FTHI stock opened at $23.82 on Friday. First Trust BuyWrite Income ETF has a fifty-two week low of $19.07 and a fifty-two week high of $24.03. The firm has a market cap of $1.73 billion, a P/E ratio of 25.34 and a beta of 0.64. The business’s 50 day moving average price is $23.64 and its 200-day moving average price is $23.35.

First Trust BuyWrite Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be given a dividend of $0.177 per share. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date of this dividend is Friday, December 12th.

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.