Envestnet Asset Management Inc. Sells 49,493 Shares of First Trust BuyWrite Income ETF $FTHI

Envestnet Asset Management Inc. decreased its position in First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,978,349 shares of the company’s stock after selling 49,493 shares during the quarter. Envestnet Asset Management Inc.’s holdings in First Trust BuyWrite Income ETF were worth $68,055,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. increased its stake in First Trust BuyWrite Income ETF by 45.1% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,719 shares of the company’s stock worth $38,000 after acquiring an additional 534 shares during the last quarter. AdvisorNet Financial Inc increased its stake in First Trust BuyWrite Income ETF by 84.6% in the 2nd quarter. AdvisorNet Financial Inc now owns 3,508 shares of the company’s stock worth $80,000 after acquiring an additional 1,608 shares during the last quarter. IMG Wealth Management Inc. increased its stake in 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 acquiring an additional 606 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in First Trust BuyWrite Income ETF in the 1st quarter worth approximately $203,000. Finally, Concorde Asset Management LLC bought a new stake in First Trust BuyWrite Income ETF in the 1st quarter worth approximately $206,000.

First Trust BuyWrite Income ETF Price Performance

NASDAQ:FTHI opened at $23.77 on Friday. First Trust BuyWrite Income ETF has a 1 year low of $19.07 and a 1 year high of $24.09. The stock’s 50 day simple moving average is $23.60 and its two-hundred day simple moving average is $22.83. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 25.34 and a beta of 0.64.

First Trust BuyWrite Income ETF Increases Dividend

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

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.