First Trust BuyWrite Income ETF (NASDAQ:FTHI) Hits New 52-Week High – Here’s What Happened

First Trust BuyWrite Income ETF (NASDAQ:FTHI)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $23.60 and last traded at $23.60, with a volume of 9553 shares. The stock had previously closed at $23.22.

First Trust BuyWrite Income ETF Stock Performance

The firm has a fifty day simple moving average of $22.96 and a 200 day simple moving average of $22.61. The company has a market capitalization of $994.19 million, a PE ratio of 18.59 and a beta of 0.72.

First Trust BuyWrite Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd were paid a dividend of $0.172 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $2.06 annualized dividend and a dividend yield of 8.72%.

Institutional Investors Weigh In On First Trust BuyWrite Income ETF

Large investors have recently modified their holdings of the business. GPS Wealth Strategies Group LLC purchased a new position in First Trust BuyWrite Income ETF during the second quarter valued at approximately $97,000. Valley Brook Capital Group Inc. purchased a new stake in shares of First Trust BuyWrite Income ETF during the 2nd quarter worth $215,000. Wedbush Securities Inc. purchased a new stake in shares of First Trust BuyWrite Income ETF during the 2nd quarter worth $218,000. J.W. Cole Advisors Inc. bought a new stake in First Trust BuyWrite Income ETF during the second quarter valued at about $220,000. Finally, Simplicity Wealth LLC purchased a new position in First Trust BuyWrite Income ETF in the third quarter valued at about $220,000.

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.