First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sees Strong Trading Volume Following Dividend Announcement

Shares of First Trust BuyWrite Income ETF (NASDAQ:FTHIGet Free Report) saw an uptick in trading volume on Friday following a dividend announcement from the company. 2,483,759 shares were traded during mid-day trading, an increase of 430% from the previous session’s volume of 468,472 shares.The stock last traded at $23.24 and had previously closed at $23.67.

The newly announced dividend which will be paid on Friday, February 28th. Investors of record on Friday, February 21st will be given a $0.174 dividend. The ex-dividend date of this dividend is Friday, February 21st.

First Trust BuyWrite Income ETF Trading Down 1.8 %

The firm has a market cap of $1.15 billion, a PE ratio of 18.59 and a beta of 0.72. The company’s 50-day moving average is $23.51 and its 200 day moving average is $23.26.

Institutional Investors Weigh In On First Trust BuyWrite Income ETF

Hedge funds have recently made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in First Trust BuyWrite Income ETF in the 4th quarter worth approximately $28,000. Wilmington Savings Fund Society FSB purchased a new stake in First Trust BuyWrite Income ETF in the 3rd quarter worth approximately $50,000. Kestra Investment Management LLC purchased a new stake in First Trust BuyWrite Income ETF in the 4th quarter worth approximately $50,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in First Trust BuyWrite Income ETF in the 4th quarter worth approximately $51,000. Finally, GoalVest Advisory LLC purchased a new stake in First Trust BuyWrite Income ETF in the 3rd quarter worth approximately $53,000.

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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