First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sees Unusually-High Trading Volume

First Trust BuyWrite Income ETF (NASDAQ:FTHI) shares saw strong trading volume on Tuesday . 375,409 shares traded hands during mid-day trading, an increase of 84% from the previous session’s volume of 203,897 shares.The stock last traded at $22.02 and had previously closed at $22.00.

First Trust BuyWrite Income ETF Price Performance

The stock has a 50 day moving average price of $22.21 and a two-hundred day moving average price of $21.42. The firm has a market capitalization of $558.73 million, a price-to-earnings ratio of 16.82 and a beta of 0.72.

First Trust BuyWrite Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were paid a $0.16 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.74%.

Institutional Investors Weigh In On First Trust BuyWrite Income ETF

A number of institutional investors have recently modified their holdings of the company. LPL Financial LLC grew its stake in shares of First Trust BuyWrite Income ETF by 45.3% in the third quarter. LPL Financial LLC now owns 1,890,652 shares of the company’s stock valued at $38,588,000 after buying an additional 589,252 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in First Trust BuyWrite Income ETF by 17.1% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 1,361,487 shares of the company’s stock valued at $29,081,000 after purchasing an additional 199,176 shares during the period. Kestra Advisory Services LLC boosted its holdings in First Trust BuyWrite Income ETF by 8.7% in the third quarter. Kestra Advisory Services LLC now owns 496,817 shares of the company’s stock valued at $10,140,000 after purchasing an additional 39,972 shares during the period. Raymond James & Associates boosted its holdings in First Trust BuyWrite Income ETF by 11.0% in the fourth quarter. Raymond James & Associates now owns 474,500 shares of the company’s stock valued at $10,135,000 after purchasing an additional 47,120 shares during the period. Finally, RiverFront Investment Group LLC boosted its holdings in First Trust BuyWrite Income ETF by 52.8% in the third quarter. RiverFront Investment Group LLC now owns 379,236 shares of the company’s stock valued at $7,740,000 after purchasing an additional 130,984 shares during the period.

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.