Mutual Advisors LLC Takes $4.44 Million Position in First Trust BuyWrite Income ETF $FTHI

Mutual Advisors LLC acquired a new position in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 188,113 shares of the company’s stock, valued at approximately $4,443,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Thrivent Financial for Lutherans bought a new position in shares of First Trust BuyWrite Income ETF during the third quarter worth approximately $466,000. Core Wealth Partners LLC increased its position in shares of First Trust BuyWrite Income ETF by 8.9% in the third quarter. Core Wealth Partners LLC now owns 37,360 shares of the company’s stock worth $886,000 after purchasing an additional 3,059 shares during the period. Cornerstone Wealth Management LLC lifted its position in First Trust BuyWrite Income ETF by 13.9% during the third quarter. Cornerstone Wealth Management LLC now owns 39,268 shares of the company’s stock worth $931,000 after purchasing an additional 4,800 shares during the period. GPS Wealth Strategies Group LLC grew its stake in First Trust BuyWrite Income ETF by 7.3% during the third quarter. GPS Wealth Strategies Group LLC now owns 8,948 shares of the company’s stock worth $212,000 after buying an additional 611 shares in the last quarter. Finally, Belpointe Asset Management LLC bought a new position in First Trust BuyWrite Income ETF in the 3rd quarter valued at about $341,000.

First Trust BuyWrite Income ETF Trading Down 0.5%

Shares of First Trust BuyWrite Income ETF stock opened at $23.75 on Monday. The company has a market cap of $1.96 billion, a PE ratio of 25.34 and a beta of 0.64. The company has a 50 day moving average of $23.74 and a 200-day moving average of $23.56. First Trust BuyWrite Income ETF has a 1-year low of $19.07 and a 1-year high of $24.05.

First Trust BuyWrite Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were issued a $0.177 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%. The ex-dividend date of this dividend was Wednesday, January 21st.

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.