Brookstone Capital Management Has $1.85 Million Stock Position in First Trust BuyWrite Income ETF $FTHI

Brookstone Capital Management raised its stake in First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 54.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 80,702 shares of the company’s stock after acquiring an additional 28,619 shares during the period. Brookstone Capital Management’s holdings in First Trust BuyWrite Income ETF were worth $1,852,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC boosted its stake in First Trust BuyWrite Income ETF by 19.6% in the 4th quarter. LPL Financial LLC now owns 9,018,353 shares of the company’s stock worth $213,013,000 after purchasing an additional 1,478,322 shares during the period. Royal Bank of Canada lifted its holdings in shares of First Trust BuyWrite Income ETF by 144.9% in the fourth quarter. Royal Bank of Canada now owns 2,070,586 shares of the company’s stock valued at $48,907,000 after purchasing an additional 1,225,201 shares in the last quarter. Ergawealth Advisors Inc. lifted 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 purchasing an additional 976,948 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of First Trust BuyWrite Income ETF by 10.8% in the fourth quarter. Wells Fargo & Company MN now owns 6,444,777 shares of the company’s stock valued at $152,226,000 after purchasing an additional 626,512 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of First Trust BuyWrite Income ETF by 4,757.2% during the third quarter. Ameriprise Financial Inc. now owns 528,415 shares of the company’s stock worth $12,530,000 after buying an additional 517,536 shares during the period.

First Trust BuyWrite Income ETF Stock Performance

NASDAQ:FTHI opened at $23.57 on Friday. The company has a market cap of $2.13 billion, a PE ratio of 25.34 and a beta of 0.62. First Trust BuyWrite Income ETF has a 52-week low of $22.37 and a 52-week high of $24.18. The stock has a 50-day simple moving average of $23.76 and a 200 day simple moving average of $23.65.

First Trust BuyWrite Income ETF Dividend Announcement

The company also recently announced a dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be paid a $0.172 dividend. The ex-dividend date is Thursday, June 25th.

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.