First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sets New 52-Week High – Time to Buy?

First Trust BuyWrite Income ETF (NASDAQ:FTHI)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $24.82 and last traded at $24.82, with a volume of 291 shares changing hands. The stock had previously closed at $23.91.

First Trust BuyWrite Income ETF Stock Performance

The company has a market capitalization of $2.36 billion, a PE ratio of 25.34 and a beta of 0.62. The firm’s 50-day simple moving average is $23.79 and its 200 day simple moving average is $23.66.

First Trust BuyWrite Income ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.172 dividend. The ex-dividend date was Thursday, June 25th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ascentis Independent Advisors purchased a new position in First Trust BuyWrite Income ETF in the first quarter valued at about $26,000. JPMorgan Chase & Co. purchased a new stake in shares of First Trust BuyWrite Income ETF during the 3rd quarter worth approximately $27,000. Aventura Private Wealth LLC acquired a new stake in shares of First Trust BuyWrite Income ETF in the 4th quarter worth approximately $51,000. Global Retirement Partners LLC grew its holdings in shares of First Trust BuyWrite Income ETF by 15.4% in the 4th quarter. Global Retirement Partners LLC now owns 3,783 shares of the company’s stock worth $89,000 after acquiring an additional 504 shares during the period. Finally, IMG Wealth Management Inc. increased its stake in First Trust BuyWrite Income ETF by 15.8% in the 1st quarter. IMG Wealth Management Inc. now owns 5,594 shares of the company’s stock valued at $128,000 after purchasing an additional 763 shares in the last quarter.

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.