Oppenheimer & Co. Inc. Buys 47,238 Shares of First Trust BuyWrite Income ETF $FTHI

Oppenheimer & Co. Inc. bought a new position in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 47,238 shares of the company’s stock, valued at approximately $1,114,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FTHI. Ascentis Independent Advisors acquired a new position in shares of First Trust BuyWrite Income ETF in the 1st quarter valued at approximately $26,000. Bullseye Investment Management LLC bought a new stake in shares of First Trust BuyWrite Income ETF in the 2nd quarter worth about $119,000. IMG Wealth Management Inc. increased its position in shares of First Trust BuyWrite Income ETF by 15.8% in the 1st quarter. IMG Wealth Management Inc. now owns 5,594 shares of the company’s stock worth $128,000 after purchasing an additional 763 shares during the last quarter. James T. Borello RIA acquired a new stake in shares of First Trust BuyWrite Income ETF in the 3rd quarter valued at about $136,000. Finally, Western Wealth Management LLC bought a new position in shares of First Trust BuyWrite Income ETF during the first quarter worth about $237,000.

First Trust BuyWrite Income ETF Trading Down 0.5%

Shares of NASDAQ FTHI opened at $23.17 on Tuesday. First Trust BuyWrite Income ETF has a twelve month low of $22.37 and a twelve month high of $24.39. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 25.34 and a beta of 0.63. The business has a 50 day simple moving average of $23.75 and a 200-day simple moving average of $23.70.

First Trust BuyWrite Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st were given a $0.1760 dividend. This represents a $2.11 dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date was Wednesday, October 21st. This is a decrease from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.1790.

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.