First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sees Unusually-High Trading Volume – Time to Buy?

Shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) saw strong trading volume on Monday . 1,028,561 shares were traded during trading, an increase of 376% from the previous session’s volume of 215,859 shares.The stock last traded at $23.43 and had previously closed at $23.47.

First Trust BuyWrite Income ETF Stock Performance

The company has a market cap of $992.93 million, a PE ratio of 18.59 and a beta of 0.72. The company has a fifty day moving average of $23.18 and a two-hundred day moving average of $22.74.

First Trust BuyWrite Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 22nd were paid a $0.172 dividend. This represents a $2.06 annualized dividend and a dividend yield of 8.73%. The ex-dividend date was Tuesday, October 22nd.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

A number of large investors have recently made changes to their positions in the company. US Bancorp DE bought a new stake in First Trust BuyWrite Income ETF in the first quarter worth about $582,000. Independent Wealth Network Inc. boosted its holdings in First Trust BuyWrite Income ETF by 91.9% during the 1st quarter. Independent Wealth Network Inc. now owns 20,248 shares of the company’s stock valued at $455,000 after acquiring an additional 9,696 shares during the period. ARQ Wealth Advisors LLC purchased a new position in First Trust BuyWrite Income ETF during the 1st quarter valued at $1,209,000. Cetera Investment Advisers grew its position in First Trust BuyWrite Income ETF by 1,256.3% in the 1st quarter. Cetera Investment Advisers now owns 418,953 shares of the company’s stock valued at $9,414,000 after acquiring an additional 388,064 shares during the last quarter. Finally, Cetera Advisors LLC increased its stake in First Trust BuyWrite Income ETF by 103.7% in the first quarter. Cetera Advisors LLC now owns 344,549 shares of the company’s stock worth $7,742,000 after purchasing an additional 175,363 shares during the period.

About First Trust BuyWrite Income ETF

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.