First Trust BuyWrite Income ETF (NASDAQ:FTHI) Reaches New 1-Year High – Still a Buy?

First Trust BuyWrite Income ETF (NASDAQ:FTHI) shares reached a new 52-week high during trading on Monday . The company traded as high as $24.05 and last traded at $24.0750, with a volume of 51514 shares changing hands. The stock had previously closed at $23.96.

First Trust BuyWrite Income ETF Stock Performance

The stock has a 50-day moving average price of $23.77 and a two-hundred day moving average price of $23.60. The stock has a market capitalization of $1.99 billion, a P/E ratio of 25.34 and a beta of 0.64.

First Trust BuyWrite Income ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st were given a $0.177 dividend. This represents a c) annualized dividend and a dividend yield of 8.8%. The ex-dividend date of this dividend was Wednesday, January 21st.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

Institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. purchased a new stake in First Trust BuyWrite Income ETF in the third quarter worth about $27,000. Bank of Montreal Can bought a new position in shares of First Trust BuyWrite Income ETF in the 2nd quarter worth approximately $31,000. GoalVest Advisory LLC raised its position in shares of First Trust BuyWrite Income ETF by 82.2% in the 3rd quarter. GoalVest Advisory LLC now owns 1,481 shares of the company’s stock worth $35,000 after acquiring an additional 668 shares in the last quarter. CX Institutional purchased a new position in shares of First Trust BuyWrite Income ETF in the 3rd quarter valued at approximately $36,000. Finally, Asset Dedication LLC bought a new stake in shares of First Trust BuyWrite Income ETF during the second quarter valued at approximately $44,000.

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.