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

First Trust BuyWrite Income ETF (NASDAQ:FTHI) hit a new 52-week high during trading on Wednesday . The stock traded as high as $23.92 and last traded at $23.87, with a volume of 8801 shares. The stock had previously closed at $23.85.

First Trust BuyWrite Income ETF Stock Up 0.2 %

The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 18.59 and a beta of 0.72. The company has a 50 day simple moving average of $23.34 and a 200 day simple moving average of $22.83.

First Trust BuyWrite Income ETF Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.172 per share. The ex-dividend date was Thursday, November 21st.

Institutional Trading of First Trust BuyWrite Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FTHI. Cetera Investment Advisers grew its holdings in shares of First Trust BuyWrite Income ETF by 1,256.3% during the first quarter. Cetera Investment Advisers now owns 418,953 shares of the company’s stock worth $9,414,000 after purchasing an additional 388,064 shares during the last quarter. Kingswood Wealth Advisors LLC bought a new stake in First Trust BuyWrite Income ETF in the second quarter valued at approximately $256,000. CWM LLC boosted its holdings in First Trust BuyWrite Income ETF by 27.0% in the second quarter. CWM LLC now owns 204,113 shares of the company’s stock valued at $4,586,000 after acquiring an additional 43,397 shares during the last quarter. Accel Wealth Management boosted its holdings in First Trust BuyWrite Income ETF by 12.6% in the second quarter. Accel Wealth Management now owns 27,100 shares of the company’s stock valued at $609,000 after acquiring an additional 3,040 shares during the last quarter. Finally, PCG Wealth Advisors LLC boosted its holdings in First Trust BuyWrite Income ETF by 5.5% in the second quarter. PCG Wealth Advisors LLC now owns 145,661 shares of the company’s stock valued at $3,273,000 after acquiring an additional 7,564 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.