First Trust BuyWrite Income ETF (NASDAQ:FTHI) Reaches New 1-Year High Following Dividend Announcement

Shares of First Trust BuyWrite Income ETF (NASDAQ:FTHIGet Free Report) reached a new 52-week high during mid-day trading on Monday following a dividend announcement from the company. The stock traded as high as $23.60 and last traded at $23.34, with a volume of 20790 shares trading hands. The stock had previously closed at $23.40.

The newly announced dividend which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd will be paid a $0.172 dividend. The ex-dividend date of this dividend is Tuesday, October 22nd.

First Trust BuyWrite Income ETF Stock Down 0.8 %

The company has a 50-day moving average price of $22.88 and a 200-day moving average price of $22.55. The firm has a market capitalization of $955.73 million, a price-to-earnings ratio of 18.59 and a beta of 0.72.

Institutional Investors Weigh In On First Trust BuyWrite Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. GPS Wealth Strategies Group LLC acquired a new stake in shares of First Trust BuyWrite Income ETF during the 2nd quarter valued at $97,000. Valley Brook Capital Group Inc. purchased a new stake in shares of First Trust BuyWrite Income ETF during the second quarter valued at $215,000. Simplicity Wealth LLC acquired a new position in shares of First Trust BuyWrite Income ETF in the 3rd quarter valued at $220,000. Wedbush Securities Inc. purchased a new position in First Trust BuyWrite Income ETF in the 2nd quarter worth about $218,000. Finally, J.W. Cole Advisors Inc. acquired a new stake in First Trust BuyWrite Income ETF during the 2nd quarter worth about $220,000.

First Trust BuyWrite Income ETF Company Profile

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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.

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