Kingsview Wealth Management LLC Acquires New Shares in First Trust BuyWrite Income ETF $FTHI

Kingsview Wealth Management LLC bought a new position in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 47,609 shares of the company’s stock, valued at approximately $1,129,000. Kingsview Wealth Management LLC owned about 0.07% of First Trust BuyWrite Income ETF at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Commonwealth Equity Services LLC raised its position in shares of First Trust BuyWrite Income ETF by 140.7% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,545,547 shares of the company’s stock valued at $36,645,000 after acquiring an additional 903,553 shares during the period. Ergawealth Advisors Inc. grew its holdings in First Trust BuyWrite Income ETF by 203.2% during the third quarter. Ergawealth Advisors Inc. now owns 1,120,410 shares of the company’s stock valued at $26,565,000 after purchasing an additional 750,861 shares during the period. Envestnet Asset Management Inc. increased its stake in First Trust BuyWrite Income ETF by 9.1% in the third quarter. Envestnet Asset Management Inc. now owns 3,248,815 shares of the company’s stock valued at $77,029,000 after purchasing an additional 270,466 shares in the last quarter. CWM LLC raised its holdings in First Trust BuyWrite Income ETF by 70.8% in the third quarter. CWM LLC now owns 530,406 shares of the company’s stock worth $12,576,000 after purchasing an additional 219,901 shares during the period. Finally, HBW Advisory Services LLC bought a new position in shares of First Trust BuyWrite Income ETF during the third quarter worth $5,072,000.

First Trust BuyWrite Income ETF Stock Down 0.7%

Shares of FTHI stock opened at $23.49 on Friday. First Trust BuyWrite Income ETF has a 12-month low of $19.07 and a 12-month high of $24.18. The firm has a fifty day moving average of $23.80 and a 200-day moving average of $23.66. The firm has a market capitalization of $1.95 billion, a price-to-earnings ratio of 25.34 and a beta of 0.64.

First Trust BuyWrite Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were issued a $0.177 dividend. This represents a c) annualized dividend and a dividend yield of 9.0%. The ex-dividend date was Friday, February 20th.

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.