Royal Bank of Canada Boosts Stake in First Trust BuyWrite Income ETF $FTHI

Royal Bank of Canada raised its holdings in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 22.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,527,288 shares of the company’s stock after purchasing an additional 456,702 shares during the quarter. Royal Bank of Canada owned 2.80% of First Trust BuyWrite Income ETF worth $58,001,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FTHI. AQR Capital Management LLC acquired a new position in First Trust BuyWrite Income ETF in the first quarter worth about $497,000. NewEdge Advisors LLC increased its position in First Trust BuyWrite Income ETF by 31.9% in the first quarter. NewEdge Advisors LLC now owns 45,052 shares of the company’s stock worth $985,000 after buying an additional 10,903 shares during the period. Goldman Sachs Group Inc. bought a new stake in First Trust BuyWrite Income ETF in the 1st quarter valued at about $901,000. Jane Street Group LLC raised its holdings in shares of First Trust BuyWrite Income ETF by 13.0% during the first quarter. Jane Street Group LLC now owns 84,413 shares of the company’s stock valued at $1,845,000 after buying an additional 9,736 shares during the last quarter. Finally, First Trust Advisors LP bought a new stake in First Trust BuyWrite Income ETF during the 2nd quarter valued at $635,000.

First Trust BuyWrite Income ETF Stock Up 0.1%

FTHI stock opened at $23.64 on Friday. The company has a 50-day simple moving average of $23.76 and a 200 day simple moving average of $23.65. The company has a market capitalization of $2.38 billion, a P/E ratio of 25.34 and a beta of 0.62. First Trust BuyWrite Income ETF has a fifty-two week low of $22.37 and a fifty-two week high of $24.18.

First Trust BuyWrite Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were paid a dividend of $0.179 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This is an increase from First Trust BuyWrite Income ETF’s previous dividend of $0.17.

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.