First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sees Large Volume Increase – Here’s What Happened

First Trust BuyWrite Income ETF (NASDAQ:FTHI) shares saw unusually-high trading volume on Thursday . Approximately 1,815,233 shares changed hands during trading, an increase of 152% from the previous session’s volume of 720,501 shares.The stock last traded at $23.65 and had previously closed at $23.84.

First Trust BuyWrite Income ETF Stock Down 0.1%

The stock’s 50-day simple moving average is $23.80 and its 200 day simple moving average is $23.66. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 25.34 and a beta of 0.62.

First Trust BuyWrite Income ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st will be paid a $0.179 dividend. This is a positive change from First Trust BuyWrite Income ETF’s previous dividend of $0.17. The ex-dividend date of this dividend is Tuesday, July 21st.

Institutional Trading of First Trust BuyWrite Income ETF

Several institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new position in First Trust BuyWrite Income ETF during the third quarter worth $27,000. Ascentis Independent Advisors purchased a new stake in shares of First Trust BuyWrite Income ETF in the 1st quarter valued at $26,000. Global Retirement Partners LLC raised its holdings in shares of First Trust BuyWrite Income ETF by 15.4% in the 4th quarter. Global Retirement Partners LLC now owns 3,783 shares of the company’s stock valued at $89,000 after buying an additional 504 shares during the period. Aptus Capital Advisors LLC lifted its stake in First Trust BuyWrite Income ETF by 21.4% during the 3rd quarter. Aptus Capital Advisors LLC now owns 5,384 shares of the company’s stock worth $128,000 after acquiring an additional 949 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in First Trust BuyWrite Income ETF during the 4th quarter worth about $131,000.

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.