Private Client Services LLC Acquires Shares of 10,004 First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Private Client Services LLC bought a new position in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,004 shares of the company’s stock, valued at approximately $230,000.

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

First Trust BuyWrite Income ETF Trading Up 0.7 %

Shares of FTHI traded up $0.17 during midday trading on Friday, hitting $23.06. 151,266 shares of the company’s stock traded hands, compared to its average volume of 215,090. The firm’s fifty day moving average is $22.62 and its 200-day moving average is $22.48. The stock has a market capitalization of $922.86 million, a price-to-earnings ratio of 18.59 and a beta of 0.72. First Trust BuyWrite Income ETF has a 1 year low of $19.56 and a 1 year high of $23.17.

First Trust BuyWrite Income ETF Announces Dividend

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