D.A. Davidson & CO. Has $56.81 Million Position in First Trust BuyWrite Income ETF $FTHI

D.A. Davidson & CO. increased its stake in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 3.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,486,389 shares of the company’s stock after purchasing an additional 80,365 shares during the quarter. D.A. Davidson & CO. owned approximately 4.05% of First Trust BuyWrite Income ETF worth $56,814,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. SBI Securities Co. Ltd. boosted its holdings in shares of First Trust BuyWrite Income ETF by 45.1% during the first quarter. SBI Securities Co. Ltd. now owns 1,719 shares of the company’s stock worth $38,000 after purchasing an additional 534 shares during the period. AdvisorNet Financial Inc raised its position in First Trust BuyWrite Income ETF by 84.6% during the second quarter. AdvisorNet Financial Inc now owns 3,508 shares of the company’s stock valued at $80,000 after acquiring an additional 1,608 shares in the last quarter. IMG Wealth Management Inc. raised its position in First Trust BuyWrite Income ETF by 38.7% during the first quarter. IMG Wealth Management Inc. now owns 3,653 shares of the company’s stock valued at $80,000 after acquiring an additional 1,020 shares in the last quarter. Stratos Wealth Partners LTD. bought a new position in First Trust BuyWrite Income ETF during the first quarter valued at approximately $203,000. Finally, Concorde Asset Management LLC bought a new position in First Trust BuyWrite Income ETF during the first quarter valued at approximately $206,000.

First Trust BuyWrite Income ETF Stock Performance

Shares of FTHI opened at $23.62 on Wednesday. The firm has a market cap of $1.68 billion, a PE ratio of 25.34 and a beta of 0.72. The firm’s 50 day moving average price is $23.53 and its 200 day moving average price is $22.67. First Trust BuyWrite Income ETF has a twelve month low of $19.07 and a twelve month high of $24.09.

First Trust BuyWrite Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be given a dividend of $0.177 per share. The ex-dividend date of this dividend is Tuesday, October 21st. This is a boost from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.17. This represents a c) annualized dividend and a yield of 9.0%.

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.