Northwestern Mutual Wealth Management Co. Acquires 10,585 Shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Northwestern Mutual Wealth Management Co. grew its holdings in First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 16.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 74,146 shares of the company’s stock after purchasing an additional 10,585 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.21% of First Trust BuyWrite Income ETF worth $1,666,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Raleigh Capital Management Inc. boosted its stake 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 valued at $76,000 after buying an additional 700 shares in the last quarter. GPS Wealth Strategies Group LLC acquired a new stake in shares of First Trust BuyWrite Income ETF in the 2nd quarter valued at approximately $97,000. Valley Brook Capital Group Inc. bought a new stake in shares of First Trust BuyWrite Income ETF during the 2nd quarter valued at approximately $215,000. Wedbush Securities Inc. acquired a new position in First Trust BuyWrite Income ETF during the 2nd quarter worth approximately $218,000. Finally, J.W. Cole Advisors Inc. bought a new position in First Trust BuyWrite Income ETF in the 2nd quarter valued at approximately $220,000.

First Trust BuyWrite Income ETF Stock Performance

NASDAQ FTHI opened at $23.06 on Friday. First Trust BuyWrite Income ETF has a fifty-two week low of $19.56 and a fifty-two week high of $23.17. The firm’s fifty day moving average price is $22.62 and its two-hundred day moving average price is $22.48. The stock has a market cap of $933.24 million, a PE ratio of 18.59 and a beta of 0.72.

First Trust BuyWrite Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.168 per share. This represents a $2.02 annualized dividend and a dividend yield of 8.74%. The ex-dividend date was Thursday, September 26th.

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.