First Trust BuyWrite Income ETF (NASDAQ:FTHI) Plans Monthly Dividend of $0.18

First Trust BuyWrite Income ETF (NASDAQ:FTHI) announced a monthly dividend on Tuesday, January 20th. Investors of record on Wednesday, January 21st will be paid a dividend of 0.177 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%. The ex-dividend date is Wednesday, January 21st.

First Trust BuyWrite Income ETF Stock Down 0.3%

FTHI stock traded down $0.06 during trading on Wednesday, hitting $23.55. The company had a trading volume of 71,634 shares, compared to its average volume of 709,752. The firm has a 50-day moving average price of $23.67 and a 200-day moving average price of $23.51. First Trust BuyWrite Income ETF has a 12 month low of $19.07 and a 12 month high of $24.03. The stock has a market cap of $1.90 billion, a price-to-earnings ratio of 25.34 and a beta of 0.64.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

Several large investors have recently bought and sold shares of FTHI. JPMorgan Chase & Co. acquired a new stake in First Trust BuyWrite Income ETF during the 3rd quarter worth $27,000. Bank of Montreal Can acquired a new stake in shares of First Trust BuyWrite Income ETF during the second quarter worth $31,000. GoalVest Advisory LLC grew its stake in shares of First Trust BuyWrite Income ETF by 82.2% during the third quarter. GoalVest Advisory LLC now owns 1,481 shares of the company’s stock worth $35,000 after purchasing an additional 668 shares during the period. CX Institutional bought a new stake in First Trust BuyWrite Income ETF in the third quarter valued at about $36,000. Finally, Asset Dedication LLC bought a new stake in First Trust BuyWrite Income ETF in the second quarter valued at about $44,000.

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.