First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sets New 12-Month High – What’s Next?

First Trust BuyWrite Income ETF (NASDAQ:FTHI)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $24.18 and last traded at $24.17, with a volume of 136805 shares trading hands. The stock had previously closed at $23.96.

First Trust BuyWrite Income ETF Stock Performance

The company has a market capitalization of $2.46 billion, a P/E ratio of 25.34 and a beta of 0.62. The stock has a 50 day moving average price of $23.78 and a 200 day moving average price of $23.65.

First Trust BuyWrite Income ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were issued a dividend of $0.179 per share. This is a boost from First Trust BuyWrite Income ETF’s previous dividend of $0.17. The ex-dividend date was Tuesday, July 21st.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global Retirement Partners LLC grew its position in First Trust BuyWrite Income ETF by 15.4% during the fourth quarter. Global Retirement Partners LLC now owns 3,783 shares of the company’s stock worth $89,000 after buying an additional 504 shares in the last quarter. LVZ Inc. raised its holdings in shares of First Trust BuyWrite Income ETF by 0.9% in the 1st quarter. LVZ Inc. now owns 64,152 shares of the company’s stock valued at $1,472,000 after acquiring an additional 551 shares in the last quarter. Novem Group boosted its position in shares of First Trust BuyWrite Income ETF by 5.0% during the 4th quarter. Novem Group now owns 11,569 shares of the company’s stock valued at $273,000 after acquiring an additional 552 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of First Trust BuyWrite Income ETF by 4.6% during the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 12,593 shares of the company’s stock valued at $300,000 after acquiring an additional 552 shares during the last quarter. Finally, Gentry Private Wealth LLC grew its holdings in shares of First Trust BuyWrite Income ETF by 2.8% during the first quarter. Gentry Private Wealth LLC now owns 21,321 shares of the company’s stock worth $489,000 after purchasing an additional 573 shares in the last quarter.

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.