Raymond James Financial Services Advisors Inc. Grows Stake in First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Raymond James Financial Services Advisors Inc. raised its stake in First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 17.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,361,487 shares of the company’s stock after purchasing an additional 199,176 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 7.53% of First Trust BuyWrite Income ETF worth $29,081,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in FTHI. Cambridge Investment Research Advisors Inc. raised its position in First Trust BuyWrite Income ETF by 6.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 28,344 shares of the company’s stock valued at $649,000 after purchasing an additional 1,719 shares during the period. Private Advisor Group LLC increased its position in shares of First Trust BuyWrite Income ETF by 20.6% during the first quarter. Private Advisor Group LLC now owns 15,365 shares of the company’s stock worth $352,000 after acquiring an additional 2,627 shares during the last quarter. UBS Group AG increased its position in shares of First Trust BuyWrite Income ETF by 413.8% during the first quarter. UBS Group AG now owns 2,194 shares of the company’s stock worth $50,000 after acquiring an additional 1,767 shares during the last quarter. Atria Wealth Solutions Inc. purchased a new stake in shares of First Trust BuyWrite Income ETF during the first quarter worth about $705,000. Finally, Royal Bank of Canada increased its position in shares of First Trust BuyWrite Income ETF by 19.3% during the first quarter. Royal Bank of Canada now owns 34,695 shares of the company’s stock worth $795,000 after acquiring an additional 5,613 shares during the last quarter.

First Trust BuyWrite Income ETF Stock Performance

Shares of NASDAQ FTHI opened at $22.43 on Thursday. First Trust BuyWrite Income ETF has a 1 year low of $19.56 and a 1 year high of $22.59. The firm has a market cap of $431.10 million, a price-to-earnings ratio of 16.82 and a beta of 0.72. The stock’s 50-day simple moving average is $22.05 and its 200-day simple moving average is $21.28.

First Trust BuyWrite Income ETF Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 22nd will be paid a $0.16 dividend. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $1.92 dividend on an annualized basis and a yield of 8.56%.

First Trust BuyWrite Income ETF Company 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.