9,178 Shares in First Trust BuyWrite Income ETF $FTHI Bought by Ferguson Shapiro LLC

Ferguson Shapiro LLC purchased a new position in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) during the 2nd quarter, Holdings Channel.com reports. The fund purchased 9,178 shares of the company’s stock, valued at approximately $210,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Brookstone Capital Management increased its stake in First Trust BuyWrite Income ETF by 4.1% during the 2nd quarter. Brookstone Capital Management now owns 42,281 shares of the company’s stock worth $966,000 after buying an additional 1,652 shares during the period. D.A. Davidson & CO. increased its position in shares of First Trust BuyWrite Income ETF by 3.3% in the 2nd quarter. D.A. Davidson & CO. now owns 2,486,389 shares of the company’s stock worth $56,814,000 after purchasing an additional 80,365 shares during the last quarter. IMG Wealth Management Inc. increased its position in shares of First Trust BuyWrite Income ETF by 16.6% in the 2nd quarter. IMG Wealth Management Inc. now owns 4,259 shares of the company’s stock worth $97,000 after purchasing an additional 606 shares during the last quarter. Balboa Wealth Partners bought a new stake in shares of First Trust BuyWrite Income ETF in the 2nd quarter worth about $1,175,000. Finally, Private Trust Co. NA increased its position in shares of First Trust BuyWrite Income ETF by 10.7% in the 2nd quarter. Private Trust Co. NA now owns 10,353 shares of the company’s stock worth $237,000 after purchasing an additional 1,000 shares during the last quarter.

First Trust BuyWrite Income ETF Stock Performance

FTHI opened at $23.92 on Wednesday. The company has a 50-day moving average of $23.57 and a 200-day moving average of $22.80. The company has a market capitalization of $1.71 billion, a P/E ratio of 25.34 and a beta of 0.64. First Trust BuyWrite Income ETF has a 1-year low of $19.07 and a 1-year high of $24.09.

First Trust BuyWrite Income ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be given a $0.177 dividend. This represents a c) annualized dividend and a dividend yield of 8.9%. The ex-dividend date of this dividend is Tuesday, October 21st. This is an increase from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.17.

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.