Merkkuri Wealth Advisors LLC Has $2.34 Million Stock Position in First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Merkkuri Wealth Advisors LLC grew its stake in First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 9.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,493 shares of the company’s stock after buying an additional 8,690 shares during the quarter. First Trust BuyWrite Income ETF accounts for about 1.8% of Merkkuri Wealth Advisors LLC’s investment portfolio, making the stock its 13th biggest holding. Merkkuri Wealth Advisors LLC owned about 0.21% of First Trust BuyWrite Income ETF worth $2,338,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in FTHI. Flagship Harbor Advisors LLC lifted its holdings in shares of First Trust BuyWrite Income ETF by 14.2% in the fourth quarter. Flagship Harbor Advisors LLC now owns 43,141 shares of the company’s stock valued at $1,004,000 after purchasing an additional 5,355 shares in the last quarter. Geneos Wealth Management Inc. boosted its position in First Trust BuyWrite Income ETF by 13.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 27,795 shares of the company’s stock worth $647,000 after acquiring an additional 3,254 shares during the last quarter. Accel Wealth Management raised its holdings in shares of First Trust BuyWrite Income ETF by 58.1% in the fourth quarter. Accel Wealth Management now owns 42,679 shares of the company’s stock valued at $993,000 after purchasing an additional 15,679 shares during the last quarter. RFG Advisory LLC lifted its position in shares of First Trust BuyWrite Income ETF by 8.3% in the fourth quarter. RFG Advisory LLC now owns 35,641 shares of the company’s stock worth $829,000 after purchasing an additional 2,724 shares in the last quarter. Finally, Avior Wealth Management LLC boosted its holdings in First Trust BuyWrite Income ETF by 9.1% during the fourth quarter. Avior Wealth Management LLC now owns 62,702 shares of the company’s stock worth $1,459,000 after purchasing an additional 5,217 shares during the last quarter.

First Trust BuyWrite Income ETF Trading Down 0.1 %

Shares of FTHI stock opened at $23.60 on Friday. The firm’s fifty day moving average price is $23.60 and its two-hundred day moving average price is $23.11. First Trust BuyWrite Income ETF has a 1 year low of $20.96 and a 1 year high of $24.09. The firm has a market capitalization of $1.13 billion, a P/E ratio of 18.59 and a beta of 0.72.

First Trust BuyWrite Income ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a dividend of $0.174 per share. This is a positive change from First Trust BuyWrite Income ETF’s previous dividend of $0.17. The ex-dividend date is Wednesday, January 22nd.

First Trust BuyWrite Income ETF Profile

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.