First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sets New 12-Month High – Still a Buy?

Shares of First Trust BuyWrite Income ETF (NASDAQ:FTHIGet Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $24.05 and last traded at $24.0750, with a volume of 51514 shares. The stock had previously closed at $23.96.

First Trust BuyWrite Income ETF Stock Performance

The firm has a market cap of $2.00 billion, a price-to-earnings ratio of 25.34 and a beta of 0.64. The firm’s 50 day moving average is $23.75 and its 200-day moving average is $23.58.

First Trust BuyWrite Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st were paid a dividend of $0.177 per share. This represents a c) annualized dividend and a dividend yield of 8.8%. The ex-dividend date was Wednesday, January 21st.

Institutional Investors Weigh In On First Trust BuyWrite Income ETF

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

First Trust BuyWrite Income ETF Company Profile

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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.

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