First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sets New 12-Month High at $22.68

First Trust BuyWrite Income ETF (NASDAQ:FTHI) shares reached a new 52-week high on Tuesday . The company traded as high as $22.68 and last traded at $22.57, with a volume of 7380 shares changing hands. The stock had previously closed at $22.57.

First Trust BuyWrite Income ETF Stock Performance

The firm has a fifty day simple moving average of $22.33 and a 200-day simple moving average of $22.04. The firm has a market cap of $590.83 million, a price-to-earnings ratio of 18.59 and a beta of 0.72.

First Trust BuyWrite Income ETF Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 22nd were paid a dividend of $0.168 per share. This represents a $2.02 dividend on an annualized basis and a dividend yield of 8.91%. The ex-dividend date was Tuesday, May 21st.

Institutional Trading of First Trust BuyWrite Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of FTHI. Raymond James Financial Services Advisors Inc. raised its holdings in First Trust BuyWrite Income ETF by 20.4% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,638,828 shares of the company’s stock valued at $36,824,000 after acquiring an additional 277,341 shares during the period. Raymond James & Associates increased its stake in shares of First Trust BuyWrite Income ETF by 1.9% during the first quarter. Raymond James & Associates now owns 483,413 shares of the company’s stock worth $10,862,000 after purchasing an additional 8,913 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in First Trust BuyWrite Income ETF by 63.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 444,773 shares of the company’s stock worth $9,994,000 after purchasing an additional 172,047 shares during the last quarter. Cetera Investment Advisers boosted its stake 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 purchasing an additional 388,064 shares during the period. Finally, Cetera Advisors LLC boosted its stake in First Trust BuyWrite Income ETF by 103.7% in the 1st quarter. Cetera Advisors LLC now owns 344,549 shares of the company’s stock valued at $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.