Foresight Capital Management Advisors Inc. Invests $5.05 Million in First Trust BuyWrite Income ETF $FTHI

Foresight Capital Management Advisors Inc. purchased a new position in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 211,875 shares of the company’s stock, valued at approximately $5,053,000. First Trust BuyWrite Income ETF accounts for approximately 2.5% of Foresight Capital Management Advisors Inc.’s investment portfolio, making the stock its 12th biggest position. Foresight Capital Management Advisors Inc. owned 0.21% of First Trust BuyWrite Income ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of FTHI. LPL Financial LLC raised its position in First Trust BuyWrite Income ETF by 19.6% during the 4th quarter. LPL Financial LLC now owns 9,018,353 shares of the company’s stock worth $213,013,000 after buying an additional 1,478,322 shares during the last quarter. Royal Bank of Canada boosted its holdings in shares of First Trust BuyWrite Income ETF by 144.9% in the fourth quarter. Royal Bank of Canada now owns 2,070,586 shares of the company’s stock valued at $48,907,000 after acquiring an additional 1,225,201 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of First Trust BuyWrite Income ETF by 10.8% during the fourth quarter. Wells Fargo & Company MN now owns 6,444,777 shares of the company’s stock worth $152,226,000 after acquiring an additional 626,512 shares during the period. Ameriprise Financial Inc. increased its stake in shares of First Trust BuyWrite Income ETF by 4,757.2% during the third quarter. Ameriprise Financial Inc. now owns 528,415 shares of the company’s stock worth $12,530,000 after acquiring an additional 517,536 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of First Trust BuyWrite Income ETF by 31.1% during the first quarter. Cetera Investment Advisers now owns 1,816,393 shares of the company’s stock worth $41,686,000 after acquiring an additional 431,366 shares during the period.

First Trust BuyWrite Income ETF Stock Up 0.3%

NASDAQ FTHI opened at $23.95 on Friday. The stock has a market capitalization of $2.43 billion, a P/E ratio of 25.34 and a beta of 0.62. First Trust BuyWrite Income ETF has a 52-week low of $22.37 and a 52-week high of $24.18. The firm has a 50-day moving average price of $23.77 and a 200 day moving average price of $23.65.

First Trust BuyWrite Income ETF Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were given a dividend of $0.179 per share. The ex-dividend date was Tuesday, July 21st. This is a positive change from First Trust BuyWrite Income ETF’s previous dividend of $0.17.

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.