Cwm LLC Sells 5,745 Shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Cwm LLC reduced its holdings in First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 130,496 shares of the company’s stock after selling 5,745 shares during the quarter. Cwm LLC’s holdings in First Trust BuyWrite Income ETF were worth $2,787,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Csenge Advisory Group increased its holdings in First Trust BuyWrite Income ETF by 1.7% in the third quarter. Csenge Advisory Group now owns 41,454 shares of the company’s stock worth $846,000 after purchasing an additional 692 shares in the last quarter. Ausdal Financial Partners Inc. increased its holdings in shares of First Trust BuyWrite Income ETF by 5.9% during the third quarter. Ausdal Financial Partners Inc. now owns 17,401 shares of the company’s stock valued at $355,000 after acquiring an additional 976 shares in the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of First Trust BuyWrite Income ETF by 53.5% during the third quarter. Raleigh Capital Management Inc. now owns 2,846 shares of the company’s stock valued at $58,000 after acquiring an additional 992 shares in the last quarter. AE Wealth Management LLC increased its holdings in shares of First Trust BuyWrite Income ETF by 2.7% during the third quarter. AE Wealth Management LLC now owns 59,948 shares of the company’s stock valued at $1,224,000 after acquiring an additional 1,579 shares in the last quarter. Finally, Insight Advisors LLC PA increased its holdings in shares of First Trust BuyWrite Income ETF by 13.6% during the fourth quarter. Insight Advisors LLC PA now owns 22,224 shares of the company’s stock valued at $475,000 after acquiring an additional 2,667 shares in the last quarter.

First Trust BuyWrite Income ETF Stock Down 0.1 %

NASDAQ FTHI opened at $21.98 on Thursday. The company has a market cap of $567.52 million, a price-to-earnings ratio of 18.33 and a beta of 0.72. First Trust BuyWrite Income ETF has a 52 week low of $19.56 and a 52 week high of $22.59. The business has a 50 day moving average price of $22.21 and a 200-day moving average price of $21.49.

First Trust BuyWrite Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th will be issued a dividend of $0.168 per share. This is an increase from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.16. The ex-dividend date is Tuesday, April 23rd. This represents a $2.02 annualized dividend and a dividend yield of 9.17%.

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.