Prospera Financial Services Inc Raises Holdings in First Trust BuyWrite Income ETF $FTHI

Prospera Financial Services Inc grew its stake in First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 18.4% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 133,339 shares of the company’s stock after buying an additional 20,681 shares during the quarter. Prospera Financial Services Inc’s holdings in First Trust BuyWrite Income ETF were worth $3,047,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. SBI Securities Co. Ltd. raised its holdings in First Trust BuyWrite Income ETF by 45.1% in the first quarter. SBI Securities Co. Ltd. now owns 1,719 shares of the company’s stock valued at $38,000 after acquiring an additional 534 shares in the last quarter. Independent Wealth Network Inc. increased its position in shares of First Trust BuyWrite Income ETF by 2.4% in the 1st quarter. Independent Wealth Network Inc. now owns 24,261 shares of the company’s stock valued at $530,000 after purchasing an additional 559 shares during the last quarter. IMG Wealth Management Inc. raised its holdings 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 valued at $97,000 after purchasing an additional 606 shares in the last quarter. GPS Wealth Strategies Group LLC lifted its position in shares of First Trust BuyWrite Income ETF by 8.8% during the 2nd quarter. GPS Wealth Strategies Group LLC now owns 8,337 shares of the company’s stock worth $191,000 after purchasing an additional 675 shares during the last quarter. Finally, Gentry Private Wealth LLC grew its stake in shares of First Trust BuyWrite Income ETF by 2.6% during the second quarter. Gentry Private Wealth LLC now owns 31,258 shares of the company’s stock worth $714,000 after purchasing an additional 786 shares in the last quarter.

First Trust BuyWrite Income ETF Price Performance

NASDAQ:FTHI opened at $23.59 on Monday. First Trust BuyWrite Income ETF has a 12 month low of $19.07 and a 12 month high of $24.09. The firm has a market capitalization of $1.71 billion, a PE ratio of 25.34 and a beta of 0.64. The business’s fifty day moving average price is $23.66 and its 200 day moving average price is $22.97.

First Trust BuyWrite Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st were issued a $0.177 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date was 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.