First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sets New 1-Year High – Still a Buy?

Shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $23.60 and last traded at $23.34, with a volume of 20790 shares trading hands. The stock had previously closed at $23.40.

First Trust BuyWrite Income ETF Trading Down 0.2 %

The company has a 50 day moving average of $22.84 and a 200 day moving average of $22.53. The firm has a market cap of $965.24 million, a price-to-earnings ratio of 18.59 and a beta of 0.72.

First Trust BuyWrite Income ETF Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.168 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 8.63%. The ex-dividend date of this dividend was Thursday, September 26th.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

A number of institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in First Trust BuyWrite Income ETF by 39.4% in the first quarter. International Assets Investment Management LLC now owns 19,737 shares of the company’s stock valued at $443,000 after acquiring an additional 5,577 shares during the last quarter. Quad Cities Investment Group LLC increased its holdings in shares of First Trust BuyWrite Income ETF by 19.9% in the first quarter. Quad Cities Investment Group LLC now owns 32,545 shares of the company’s stock valued at $731,000 after purchasing an additional 5,397 shares during the last quarter. Brookstone Capital Management bought a new position in First Trust BuyWrite Income ETF during the 1st quarter worth $537,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of First Trust BuyWrite Income ETF by 9.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 225,754 shares of the company’s stock worth $5,073,000 after buying an additional 19,987 shares in the last quarter. Finally, RiverTree Advisors LLC bought a new stake in shares of First Trust BuyWrite Income ETF in the first quarter valued at about $3,272,000.

About First Trust BuyWrite Income ETF

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.