First Trust BuyWrite Income ETF (NASDAQ:FTHI) Hits New 12-Month High – What’s Next?

First Trust BuyWrite Income ETF (NASDAQ:FTHI)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $24.05 and last traded at $23.9150, with a volume of 144262 shares traded. The stock had previously closed at $23.98.

First Trust BuyWrite Income ETF Stock Down 0.4%

The company’s 50-day simple moving average is $23.70 and its 200 day simple moving average is $23.54. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 25.34 and a beta of 0.64.

First Trust BuyWrite Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 21st will be paid a $0.177 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend is Wednesday, January 21st.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FTHI. JPMorgan Chase & Co. bought a new position in shares of First Trust BuyWrite Income ETF in the third quarter worth about $27,000. Bank of Montreal Can bought a new position in First Trust BuyWrite Income ETF during the second quarter valued at about $31,000. GoalVest Advisory LLC raised its holdings in First Trust BuyWrite Income ETF by 82.2% in the 3rd quarter. GoalVest Advisory LLC now owns 1,481 shares of the company’s stock valued at $35,000 after acquiring an additional 668 shares in the last quarter. CX Institutional bought a new stake in shares of First Trust BuyWrite Income ETF in the 3rd quarter worth approximately $36,000. Finally, Asset Dedication LLC acquired a new stake in shares of First Trust BuyWrite Income ETF during the 2nd quarter worth approximately $44,000.

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.