Capital Investment Advisory Services LLC Grows Stock Holdings in First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Capital Investment Advisory Services LLC raised its stake in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 32.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 31,614 shares of the company’s stock after buying an additional 7,795 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in First Trust BuyWrite Income ETF were worth $675,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Raleigh Capital Management Inc. grew its stake in shares of First Trust BuyWrite Income ETF by 53.5% during the 3rd quarter. Raleigh Capital Management Inc. now owns 2,846 shares of the company’s stock valued at $58,000 after acquiring an additional 992 shares during the period. Channel Wealth LLC purchased a new position in First Trust BuyWrite Income ETF during the fourth quarter valued at approximately $211,000. Independent Wealth Network Inc. bought a new position in shares of First Trust BuyWrite Income ETF in the fourth quarter worth approximately $225,000. Perigon Wealth Management LLC bought a new stake in shares of First Trust BuyWrite Income ETF during the 4th quarter valued at $267,000. Finally, Treasure Coast Financial Planning lifted its stake in shares of First Trust BuyWrite Income ETF by 20.4% during the 4th quarter. Treasure Coast Financial Planning now owns 14,175 shares of the company’s stock valued at $303,000 after buying an additional 2,400 shares in the last quarter.

First Trust BuyWrite Income ETF Stock Performance

Shares of First Trust BuyWrite Income ETF stock opened at $21.94 on Tuesday. The company has a fifty day moving average of $22.20 and a 200 day moving average of $21.48. The company has a market capitalization of $564.30 million, a P/E ratio of 18.33 and a beta of 0.72. First Trust BuyWrite Income ETF has a fifty-two week low of $19.56 and a fifty-two week high of $22.59.

First Trust BuyWrite Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a $0.16 dividend. The ex-dividend date was Thursday, March 21st. This represents a $1.92 dividend on an annualized basis and a yield of 8.75%.

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.