MJP Associates Inc. ADV Buys 59,083 Shares of First Trust BuyWrite Income ETF $FTHI

MJP Associates Inc. ADV boosted its stake in First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 18.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 387,576 shares of the company’s stock after buying an additional 59,083 shares during the quarter. First Trust BuyWrite Income ETF makes up about 1.3% of MJP Associates Inc. ADV’s investment portfolio, making the stock its 14th largest position. MJP Associates Inc. ADV’s holdings in First Trust BuyWrite Income ETF were worth $8,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Bank of Montreal Can bought a new position in shares of First Trust BuyWrite Income ETF during the second quarter valued at $31,000. SBI Securities Co. Ltd. increased its position in shares of First Trust BuyWrite Income ETF by 45.1% during the 1st quarter. SBI Securities Co. Ltd. now owns 1,719 shares of the company’s stock worth $38,000 after purchasing an additional 534 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in First Trust BuyWrite Income ETF by 84.6% during the 2nd quarter. AdvisorNet Financial Inc now owns 3,508 shares of the company’s stock valued at $80,000 after purchasing an additional 1,608 shares during the last quarter. IMG Wealth Management Inc. boosted its position in First Trust BuyWrite Income ETF by 16.6% in the second quarter. IMG Wealth Management Inc. now owns 4,259 shares of the company’s stock valued at $97,000 after buying an additional 606 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its position in First Trust BuyWrite Income ETF by 8.8% in the second quarter. GPS Wealth Strategies Group LLC now owns 8,337 shares of the company’s stock valued at $191,000 after buying an additional 675 shares in the last quarter.

First Trust BuyWrite Income ETF Trading Up 0.0%

NASDAQ FTHI opened at $23.58 on Friday. First Trust BuyWrite Income ETF has a 1-year low of $19.07 and a 1-year high of $24.09. The company has a 50 day moving average of $23.70 and a 200-day moving average of $23.03. The firm has a market cap of $1.71 billion, a price-to-earnings ratio of 25.34 and a beta of 0.64.

First Trust BuyWrite Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were given a $0.177 dividend. This represents a c) annualized dividend and a yield of 9.0%. The ex-dividend date was Tuesday, October 21st. This is a positive change from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.17.

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.