First Trust BuyWrite Income ETF to Issue Monthly Dividend of $0.18 (NASDAQ:FTHI)

First Trust BuyWrite Income ETF (NASDAQ:FTHI) declared a monthly dividend on Thursday, November 20th. Investors of record on Friday, November 21st will be paid a dividend of 0.177 per share on Friday, November 28th. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date is Friday, November 21st.

First Trust BuyWrite Income ETF Stock Performance

Shares of FTHI stock opened at $23.06 on Friday. The firm’s 50 day moving average price is $23.68 and its two-hundred day moving average price is $23.08. First Trust BuyWrite Income ETF has a 52-week low of $19.07 and a 52-week high of $24.09. The stock has a market cap of $1.67 billion, a PE ratio of 25.34 and a beta of 0.64.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

Several hedge funds have recently added to or reduced their stakes in the stock. LPL Financial LLC grew its position in shares of First Trust BuyWrite Income ETF by 18.7% during the 1st quarter. LPL Financial LLC now owns 6,559,349 shares of the company’s stock worth $143,387,000 after buying an additional 1,033,980 shares during the period. Commonwealth Equity Services LLC boosted its stake in First Trust BuyWrite Income ETF by 140.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,545,547 shares of the company’s stock worth $36,645,000 after acquiring an additional 903,553 shares during the last quarter. Ergawealth Advisors Inc. grew its holdings in First Trust BuyWrite Income ETF by 203.2% during the third quarter. Ergawealth Advisors Inc. now owns 1,120,410 shares of the company’s stock valued at $26,565,000 after purchasing an additional 750,861 shares during the period. Raymond James Financial Inc. increased its stake in First Trust BuyWrite Income ETF by 27.3% in the first quarter. Raymond James Financial Inc. now owns 3,069,881 shares of the company’s stock valued at $67,108,000 after purchasing an additional 659,083 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in First Trust BuyWrite Income ETF by 4,757.2% in the third quarter. Ameriprise Financial Inc. now owns 528,415 shares of the company’s stock worth $12,530,000 after purchasing an additional 517,536 shares during the period.

First Trust BuyWrite Income ETF Company 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.