RFG Advisory LLC Sells 21,922 Shares of First Trust BuyWrite Income ETF $FTHI

RFG Advisory LLC cut its holdings in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 53.1% during the 2nd quarter, Holdings Channel reports. The firm owned 19,333 shares of the company’s stock after selling 21,922 shares during the period. RFG Advisory LLC’s holdings in First Trust BuyWrite Income ETF were worth $442,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in FTHI. Envestnet Asset Management Inc. increased its holdings in shares of First Trust BuyWrite Income ETF by 820.0% during the first quarter. Envestnet Asset Management Inc. now owns 3,027,842 shares of the company’s stock worth $66,189,000 after purchasing an additional 2,698,727 shares during the period. D.A. Davidson & CO. increased its holdings in shares of First Trust BuyWrite Income ETF by 2,124.1% during the first quarter. D.A. Davidson & CO. now owns 2,406,024 shares of the company’s stock worth $52,596,000 after purchasing an additional 2,297,845 shares during the period. LPL Financial LLC increased its holdings in shares of First Trust BuyWrite Income ETF by 18.7% during the first quarter. LPL Financial LLC now owns 6,559,349 shares of the company’s stock worth $143,387,000 after purchasing an additional 1,033,980 shares during the period. Raymond James Financial Inc. increased its holdings in shares of First Trust BuyWrite Income ETF by 27.3% during the first quarter. Raymond James Financial Inc. now owns 3,069,881 shares of the company’s stock worth $67,108,000 after purchasing an additional 659,083 shares during the period. Finally, Ergawealth Advisors Inc. bought a new position in shares of First Trust BuyWrite Income ETF during the second quarter worth approximately $8,444,000.

First Trust BuyWrite Income ETF Trading Up 0.4%

Shares of FTHI opened at $23.69 on Friday. First Trust BuyWrite Income ETF has a 12 month low of $19.07 and a 12 month high of $24.09. The firm’s 50 day moving average is $23.51 and its 200-day moving average is $22.63. The stock has a market capitalization of $1.67 billion, a PE ratio of 25.34 and a beta of 0.72.

First Trust BuyWrite Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a $0.171 dividend. This represents a c) dividend on an annualized basis and a yield of 8.7%. The ex-dividend date of this dividend was Thursday, September 25th.

First Trust BuyWrite Income ETF 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.