Sovran Advisors LLC Takes Position in First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Sovran Advisors LLC bought a new position in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) during the fourth quarter, Holdings Channel.com reports. The fund bought 33,265 shares of the company’s stock, valued at approximately $768,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Simplicity Wealth LLC purchased a new stake in shares of First Trust BuyWrite Income ETF in the 3rd quarter valued at approximately $220,000. Concourse Financial Group Securities Inc. acquired a new position in shares of First Trust BuyWrite Income ETF during the third quarter worth $325,000. PCG Wealth Advisors LLC increased its holdings in First Trust BuyWrite Income ETF by 1.8% in the third quarter. PCG Wealth Advisors LLC now owns 148,334 shares of the company’s stock valued at $3,415,000 after buying an additional 2,673 shares during the last quarter. Quad Cities Investment Group LLC raised its stake in First Trust BuyWrite Income ETF by 3.7% in the third quarter. Quad Cities Investment Group LLC now owns 33,265 shares of the company’s stock valued at $766,000 after buying an additional 1,193 shares in the last quarter. Finally, Raymond James & Associates raised its stake in First Trust BuyWrite Income ETF by 3.1% in the third quarter. Raymond James & Associates now owns 518,793 shares of the company’s stock valued at $11,943,000 after buying an additional 15,757 shares in the last quarter.

First Trust BuyWrite Income ETF Stock Performance

NASDAQ:FTHI opened at $23.70 on Wednesday. First Trust BuyWrite Income ETF has a 1 year low of $20.96 and a 1 year high of $24.09. The stock has a market cap of $1.17 billion, a P/E ratio of 18.59 and a beta of 0.72. The stock has a 50-day simple moving average of $23.56 and a 200-day simple moving average of $23.19.

First Trust BuyWrite Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Investors of record on Wednesday, January 22nd were issued a $0.174 dividend. This is an increase from First Trust BuyWrite Income ETF’s previous dividend of $0.17. The ex-dividend date of this dividend was Wednesday, January 22nd.

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.