First Trust BuyWrite Income ETF (NASDAQ:FTHI) Reaches New 52-Week High at $22.97

Shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) reached a new 52-week high during trading on Tuesday . The company traded as high as $22.97 and last traded at $22.92, with a volume of 26791 shares traded. The stock had previously closed at $22.91.

First Trust BuyWrite Income ETF Price Performance

The stock has a 50 day moving average price of $22.53 and a 200-day moving average price of $22.41. The stock has a market capitalization of $802.21 million, a price-to-earnings ratio of 18.59 and a beta of 0.72.

First Trust BuyWrite Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.168 per share. This represents a $2.02 dividend on an annualized basis and a yield of 8.79%. The ex-dividend date of this dividend was Wednesday, August 21st.

Institutional Investors Weigh In On First Trust BuyWrite Income ETF

A number of institutional investors have recently made changes to their positions in FTHI. Avantax Advisory Services Inc. purchased a new position in First Trust BuyWrite Income ETF in the fourth quarter valued at $438,000. Janney Montgomery Scott LLC boosted its holdings in First Trust BuyWrite Income ETF by 7.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 158,156 shares of the company’s stock worth $3,378,000 after buying an additional 10,493 shares in the last quarter. D.A. Davidson & CO. purchased a new stake in shares of First Trust BuyWrite Income ETF during the 4th quarter worth approximately $626,000. Cambridge Investment Research Advisors Inc. grew its holdings in First Trust BuyWrite Income ETF by 11.2% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 272,726 shares of the company’s stock valued at $5,825,000 after purchasing an additional 27,410 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV grew its stake in First Trust BuyWrite Income ETF by 1.8% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 61,286 shares of the company’s stock valued at $1,309,000 after acquiring an additional 1,086 shares during the last quarter.

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.