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

First Trust BuyWrite Income ETF (NASDAQ:FTHI)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $24.39 and last traded at $24.35, with a volume of 408405 shares. The stock had previously closed at $24.33.

First Trust BuyWrite Income ETF Stock Performance

The business’s fifty day moving average price is $23.85 and its two-hundred day moving average price is $23.67. The stock has a market capitalization of $2.45 billion, a P/E ratio of 25.34 and a beta of 0.62.

First Trust BuyWrite Income ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were given a $0.179 dividend. This is an increase from First Trust BuyWrite Income ETF’s previous dividend of $0.17. The ex-dividend date was Tuesday, July 21st.

Institutional Investors Weigh In On First Trust BuyWrite Income ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. bought a new stake in shares of First Trust BuyWrite Income ETF in the 3rd quarter valued at approximately $27,000. Ascentis Independent Advisors bought a new position in shares of First Trust BuyWrite Income ETF during the 1st quarter valued at approximately $26,000. First Bancorp Inc ME purchased a new stake in First Trust BuyWrite Income ETF during the 2nd quarter valued at $26,000. Global Retirement Partners LLC raised its holdings in First Trust BuyWrite Income ETF by 15.4% during the 4th quarter. Global Retirement Partners LLC now owns 3,783 shares of the company’s stock valued at $89,000 after buying an additional 504 shares during the period. Finally, Aptus Capital Advisors LLC raised its holdings in First Trust BuyWrite Income ETF by 21.4% during the 3rd quarter. Aptus Capital Advisors LLC now owns 5,384 shares of the company’s stock valued at $128,000 after buying an additional 949 shares during the period.

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.