Western Wealth Management LLC Sells 9,665 Shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Western Wealth Management LLC lessened its holdings in First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 13.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,875 shares of the company’s stock after selling 9,665 shares during the period. Western Wealth Management LLC owned 0.35% of First Trust BuyWrite Income ETF worth $1,343,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FTHI. Cambridge Investment Research Advisors Inc. raised its position in shares of First Trust BuyWrite Income ETF by 6.5% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 28,344 shares of the company’s stock worth $649,000 after buying an additional 1,719 shares in the last quarter. Private Advisor Group LLC raised its position in First Trust BuyWrite Income ETF by 20.6% during the first quarter. Private Advisor Group LLC now owns 15,365 shares of the company’s stock valued at $352,000 after purchasing an additional 2,627 shares in the last quarter. UBS Group AG raised its position in First Trust BuyWrite Income ETF by 413.8% during the first quarter. UBS Group AG now owns 2,194 shares of the company’s stock valued at $50,000 after purchasing an additional 1,767 shares in the last quarter. Atria Wealth Solutions Inc. purchased a new stake in First Trust BuyWrite Income ETF during the first quarter valued at about $705,000. Finally, Royal Bank of Canada raised its position in First Trust BuyWrite Income ETF by 19.3% during the first quarter. Royal Bank of Canada now owns 34,695 shares of the company’s stock valued at $795,000 after purchasing an additional 5,613 shares in the last quarter.

First Trust BuyWrite Income ETF Stock Down 0.5 %

NASDAQ FTHI opened at $21.75 on Friday. The stock’s 50-day simple moving average is $22.21 and its two-hundred day simple moving average is $21.45. First Trust BuyWrite Income ETF has a twelve month low of $19.56 and a twelve month high of $22.59. The company has a market capitalization of $559.41 million, a price-to-earnings ratio of 18.33 and a beta of 0.64.

First Trust BuyWrite Income ETF Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were given a dividend of $0.16 per share. The ex-dividend date was Thursday, March 21st. This represents a $1.92 dividend on an annualized basis and a yield of 8.83%.

First Trust BuyWrite Income ETF 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.