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

First Trust BuyWrite Income ETF (NASDAQ:FTHI) shares hit a new 52-week high on Friday . The stock traded as high as $24.82 and last traded at $24.82, with a volume of 291 shares. The stock had previously closed at $23.91.

First Trust BuyWrite Income ETF Stock Performance

The business has a 50-day simple moving average of $23.79 and a two-hundred day simple moving average of $23.66. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of 25.34 and a beta of 0.62.

First Trust BuyWrite Income ETF Announces Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.172 dividend. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Trading of First Trust BuyWrite Income ETF

Several hedge funds have recently made changes to their positions in FTHI. Ascentis Independent Advisors acquired a new position in shares of First Trust BuyWrite Income ETF during the first quarter worth about $26,000. JPMorgan Chase & Co. purchased a new position in shares of First Trust BuyWrite Income ETF during the 3rd quarter worth approximately $27,000. Aventura Private Wealth LLC acquired a new stake in shares of First Trust BuyWrite Income ETF in the 4th quarter valued at approximately $51,000. Global Retirement Partners LLC lifted its holdings in shares of First Trust BuyWrite Income ETF by 15.4% in 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, IMG Wealth Management Inc. boosted its stake in shares of First Trust BuyWrite Income ETF by 15.8% in the first quarter. IMG Wealth Management Inc. now owns 5,594 shares of the company’s stock valued at $128,000 after buying an additional 763 shares in the last quarter.

First Trust BuyWrite Income ETF Company 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.