Richmond Investment Services LLC Invests $335,000 in First Trust BuyWrite Income ETF $FTHI

Richmond Investment Services LLC acquired a new position in First Trust BuyWrite Income ETF (NASDAQ:FTHI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 14,666 shares of the company’s stock, valued at approximately $335,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. increased its stake in First Trust BuyWrite Income ETF by 27.3% in the 1st quarter. Raymond James Financial Inc. now owns 3,069,881 shares of the company’s stock worth $67,108,000 after acquiring an additional 659,083 shares during the last quarter. Ergawealth Advisors Inc. bought a new position in shares of First Trust BuyWrite Income ETF in the second quarter worth approximately $8,444,000. RiverTree Advisors LLC increased its position in shares of First Trust BuyWrite Income ETF by 182.0% in the second quarter. RiverTree Advisors LLC now owns 201,047 shares of the company’s stock worth $4,594,000 after purchasing an additional 129,751 shares during the last quarter. Royal Bank of Canada raised its stake in First Trust BuyWrite Income ETF by 18.7% in the first quarter. Royal Bank of Canada now owns 684,753 shares of the company’s stock valued at $14,969,000 after purchasing an additional 107,728 shares in the last quarter. Finally, Tradewinds LLC. bought a new stake in First Trust BuyWrite Income ETF during the second quarter valued at approximately $2,259,000.

First Trust BuyWrite Income ETF Price Performance

FTHI stock opened at $23.65 on Thursday. The firm has a 50 day simple moving average of $23.66 and a two-hundred day simple moving average of $23.13. The stock has a market cap of $1.72 billion, a PE ratio of 25.34 and a beta of 0.64. First Trust BuyWrite Income ETF has a one year low of $19.07 and a one year high of $24.09.

First Trust BuyWrite Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 21st will be given a $0.177 dividend. The ex-dividend date is Friday, November 21st. This represents a c) annualized dividend and a yield of 9.0%.

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.