120,639 First Trust BuyWrite Income ETF $FTHI Shares Bought by Kestra Advisory Services LLC

Kestra Advisory Services LLC lifted its position in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 49.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 365,630 shares of the company’s stock after purchasing an additional 120,639 shares during the period. Kestra Advisory Services LLC owned about 0.33% of First Trust BuyWrite Income ETF worth $8,625,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Ascentis Independent Advisors acquired a new stake in First Trust BuyWrite Income ETF during the 1st quarter valued at approximately $26,000. Bullseye Investment Management LLC acquired a new stake in First Trust BuyWrite Income ETF during the second quarter valued at approximately $119,000. IMG Wealth Management Inc. lifted its holdings in First Trust BuyWrite Income ETF by 15.8% during the 1st quarter. IMG Wealth Management Inc. now owns 5,594 shares of the company’s stock worth $128,000 after buying an additional 763 shares during the last quarter. James T. Borello RIA bought a new stake in shares of First Trust BuyWrite Income ETF in the 3rd quarter valued at approximately $136,000. Finally, SYM FINANCIAL Corp acquired a new stake in shares of First Trust BuyWrite Income ETF during the 3rd quarter valued at approximately $165,000.

First Trust BuyWrite Income ETF Price Performance

FTHI stock opened at $23.02 on Wednesday. The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 21.16 and a beta of 0.64. First Trust BuyWrite Income ETF has a 1-year low of $22.37 and a 1-year high of $24.39. The firm has a fifty day moving average price of $23.64 and a two-hundred day moving average price of $23.68.

First Trust BuyWrite Income ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, October 30th. Investors of record on Wednesday, October 21st were given a dividend of $0.1760 per share. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $2.11 dividend on an annualized basis and a dividend yield of 9.2%. This is a drop from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.1790.

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.