Bison Wealth LLC Sells 2,185 Shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Bison Wealth LLC lessened its stake in First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 9.4% in the fourth quarter, HoldingsChannel reports. The firm owned 20,968 shares of the company’s stock after selling 2,185 shares during the period. Bison Wealth LLC’s holdings in First Trust BuyWrite Income ETF were worth $448,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. UBS Group AG bought a new stake in shares of First Trust BuyWrite Income ETF in the third quarter worth about $30,000. First Horizon Advisors Inc. increased its holdings in shares of First Trust BuyWrite Income ETF by 310.7% in the first quarter. First Horizon Advisors Inc. now owns 1,988 shares of the company’s stock worth $40,000 after acquiring an additional 1,504 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of First Trust BuyWrite Income ETF by 53.5% in the third quarter. Raleigh Capital Management Inc. now owns 2,846 shares of the company’s stock worth $58,000 after acquiring an additional 992 shares in the last quarter. Morgan Stanley increased its holdings in shares of First Trust BuyWrite Income ETF by 95.0% in the fourth quarter. Morgan Stanley now owns 3,311 shares of the company’s stock worth $64,000 after acquiring an additional 1,613 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in shares of First Trust BuyWrite Income ETF by 51.8% in the second quarter. Benjamin Edwards Inc. now owns 8,430 shares of the company’s stock worth $177,000 after acquiring an additional 2,878 shares in the last quarter.

First Trust BuyWrite Income ETF Stock Performance

NASDAQ:FTHI opened at $21.99 on Wednesday. The company has a market cap of $558.99 million, a PE ratio of 16.82 and a beta of 0.72. First Trust BuyWrite Income ETF has a 52-week low of $19.56 and a 52-week high of $22.59. The stock has a 50-day simple moving average of $22.21 and a 200 day simple moving average of $21.43.

First Trust BuyWrite Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a dividend of $0.16 per share. The ex-dividend date was Thursday, March 21st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.73%.

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.