First Trust BuyWrite Income ETF (NASDAQ:FTHI) Hits New 52-Week High at $22.97

Shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $22.97 and last traded at $22.92, with a volume of 26791 shares trading hands. The stock had previously closed at $22.91.

First Trust BuyWrite Income ETF Stock Down 0.1 %

The stock has a market capitalization of $799.41 million, a price-to-earnings ratio of 18.59 and a beta of 0.72. The stock’s 50-day simple moving average is $22.54 and its 200 day simple moving average is $22.42.

First Trust BuyWrite Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 21st were issued a $0.168 dividend. This represents a $2.02 annualized dividend and a dividend yield of 8.82%. The ex-dividend date of this dividend was Wednesday, August 21st.

Institutional Investors Weigh In On First Trust BuyWrite Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of FTHI. Raleigh Capital Management Inc. grew its holdings in shares of First Trust BuyWrite Income ETF by 24.6% during the fourth quarter. Raleigh Capital Management Inc. now owns 3,546 shares of the company’s stock worth $76,000 after purchasing an additional 700 shares during the last quarter. GPS Wealth Strategies Group LLC bought a new stake in First Trust BuyWrite Income ETF during the 2nd quarter worth about $97,000. Parallel Advisors LLC bought a new stake in First Trust BuyWrite Income ETF during the 4th quarter worth about $121,000. Valley Brook Capital Group Inc. acquired a new stake in First Trust BuyWrite Income ETF in the 2nd quarter valued at about $215,000. Finally, Wedbush Securities Inc. bought a new position in shares of First Trust BuyWrite Income ETF in the second quarter worth about $218,000.

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.