Janney Montgomery Scott LLC Invests $229,000 in First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Janney Montgomery Scott LLC bought a new position in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI – Get Rating) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,852 shares of the company’s stock, valued at approximately $229,000.

Other institutional investors have also made changes to their positions in the company. Resources Investment Advisors LLC. increased its stake in shares of First Trust BuyWrite Income ETF by 23.9% in the third quarter. Resources Investment Advisors LLC. now owns 12,386 shares of the company’s stock worth $229,000 after buying an additional 2,386 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its stake in shares of First Trust BuyWrite Income ETF by 32.7% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 42,322 shares of the company’s stock valued at $781,000 after purchasing an additional 10,424 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of First Trust BuyWrite Income ETF during the third quarter worth about $841,000. IFP Advisors Inc lifted its position in shares of First Trust BuyWrite Income ETF by 2,534.0% during the third quarter. IFP Advisors Inc now owns 17,569 shares of the company’s stock worth $400,000 after purchasing an additional 16,902 shares during the last quarter. Finally, UBS Group AG bought a new stake in First Trust BuyWrite Income ETF in the third quarter valued at about $30,000.

First Trust BuyWrite Income ETF Trading Down 0.3 %

FTHI stock opened at $20.25 on Wednesday. The firm has a market cap of $172.53 million, a P/E ratio of 16.82 and a beta of 0.72. First Trust BuyWrite Income ETF has a 12-month low of $18.24 and a 12-month high of $22.31. The stock’s 50 day simple moving average is $20.21 and its 200 day simple moving average is $20.11.

First Trust BuyWrite Income ETF Increases Dividend

The business also recently declared a monthly dividend, which was paid on Friday, April 28th. Stockholders of record on Monday, April 24th were given a dividend of $0.151 per share. This represents a $1.81 dividend on an annualized basis and a dividend yield of 8.95%. This is a boost from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.15. The ex-dividend date was Friday, April 21st.

About First Trust BuyWrite Income ETF

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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.