First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sets New 12-Month High at $23.15

First Trust BuyWrite Income ETF (NASDAQ:FTHI)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $23.15 and last traded at $23.14, with a volume of 13158 shares traded. The stock had previously closed at $23.12.

First Trust BuyWrite Income ETF Trading Down 0.1 %

The stock has a 50-day simple moving average of $22.55 and a 200 day simple moving average of $22.44. The stock has a market capitalization of $807.81 million, a price-to-earnings ratio of 18.59 and a beta of 0.72.

First Trust BuyWrite Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.168 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 8.73%. The ex-dividend date was Wednesday, August 21st.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FTHI. Raleigh Capital Management Inc. boosted its holdings in First Trust BuyWrite Income ETF by 24.6% in 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 in the last quarter. Private Advisor Group LLC raised its stake in shares of First Trust BuyWrite Income ETF by 3.3% in the 1st quarter. Private Advisor Group LLC now owns 24,228 shares of the company’s stock valued at $544,000 after acquiring an additional 768 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in First Trust BuyWrite Income ETF by 9.5% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 12,058 shares of the company’s stock worth $271,000 after purchasing an additional 1,047 shares during the last quarter. Perigon Wealth Management LLC raised its position in shares of First Trust BuyWrite Income ETF by 9.9% in the first quarter. Perigon Wealth Management LLC now owns 13,755 shares of the company’s stock valued at $309,000 after purchasing an additional 1,235 shares during the period. Finally, Harbour Investments Inc. lifted its stake in shares of First Trust BuyWrite Income ETF by 14.0% in the second quarter. Harbour Investments Inc. now owns 17,244 shares of the company’s stock worth $387,000 after buying an additional 2,112 shares during the last quarter.

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.