Strategic Financial Concepts LLC Acquires Shares of 104,048 First Trust BuyWrite Income ETF $FTHI

Strategic Financial Concepts LLC acquired a new stake in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 104,048 shares of the company’s stock, valued at approximately $2,458,000. First Trust BuyWrite Income ETF accounts for 2.2% of Strategic Financial Concepts LLC’s portfolio, making the stock its 11th biggest position. Strategic Financial Concepts LLC owned approximately 0.13% of First Trust BuyWrite Income ETF as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Ergawealth Advisors Inc. raised its holdings in shares of First Trust BuyWrite Income ETF by 87.2% in the fourth quarter. Ergawealth Advisors Inc. now owns 2,097,358 shares of the company’s stock valued at $49,540,000 after buying an additional 976,948 shares during the last quarter. CoreCap Advisors LLC raised its holdings in shares of First Trust BuyWrite Income ETF by 71.4% in the fourth quarter. CoreCap Advisors LLC now owns 60,539 shares of the company’s stock valued at $1,430,000 after buying an additional 25,225 shares during the last quarter. Kingsview Wealth Management LLC bought a new position in shares of First Trust BuyWrite Income ETF in the third quarter valued at about $1,129,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of First Trust BuyWrite Income ETF by 341.1% in the third quarter. Envestnet Portfolio Solutions Inc. now owns 173,673 shares of the company’s stock valued at $4,118,000 after buying an additional 134,303 shares during the last quarter. Finally, Truist Financial Corp raised its holdings in shares of First Trust BuyWrite Income ETF by 169.0% in the fourth quarter. Truist Financial Corp now owns 175,169 shares of the company’s stock valued at $4,137,000 after buying an additional 110,050 shares during the last quarter.

First Trust BuyWrite Income ETF Stock Up 0.3%

First Trust BuyWrite Income ETF stock opened at $23.88 on Friday. The stock has a 50-day simple moving average of $23.44 and a 200 day simple moving average of $23.61. First Trust BuyWrite Income ETF has a 12-month low of $21.67 and a 12-month high of $24.18. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 25.34 and a beta of 0.63.

First Trust BuyWrite Income ETF Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a $0.172 dividend. The ex-dividend date of this dividend is Thursday, May 21st.

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.