Envestnet Asset Management Inc. Grows Stake in First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Envestnet Asset Management Inc. raised its stake in First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 34.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 334,988 shares of the company’s stock after purchasing an additional 85,052 shares during the quarter. Envestnet Asset Management Inc. owned about 0.96% of First Trust BuyWrite Income ETF worth $7,527,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Raleigh Capital Management Inc. raised its position in First Trust BuyWrite Income ETF by 24.6% in the fourth quarter. Raleigh Capital Management Inc. now owns 3,546 shares of the company’s stock valued at $76,000 after purchasing an additional 700 shares during the period. GPS Wealth Strategies Group LLC purchased a new position in First Trust BuyWrite Income ETF in the second quarter valued at about $97,000. Parallel Advisors LLC purchased a new position in First Trust BuyWrite Income ETF in the fourth quarter valued at about $121,000. Valley Brook Capital Group Inc. purchased a new position in First Trust BuyWrite Income ETF in the second quarter valued at about $215,000. Finally, Wedbush Securities Inc. purchased a new position in First Trust BuyWrite Income ETF in the second quarter valued at about $218,000.

First Trust BuyWrite Income ETF Price Performance

NASDAQ:FTHI opened at $22.96 on Friday. The business’s 50-day moving average is $22.58 and its two-hundred day moving average is $22.46. First Trust BuyWrite Income ETF has a 12 month low of $19.56 and a 12 month high of $23.17. The firm has a market capitalization of $802.91 million, a PE ratio of 18.59 and a beta of 0.72.

First Trust BuyWrite Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 26th will be given a dividend of $0.168 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 8.78%. The ex-dividend date of this dividend is Thursday, September 26th.

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.