GPS Wealth Strategies Group LLC Increases Stock Position in First Trust BuyWrite Income ETF (NASDAQ:FTHI)

GPS Wealth Strategies Group LLC grew its holdings in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 39.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,662 shares of the company’s stock after buying an additional 2,164 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in First Trust BuyWrite Income ETF were worth $167,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in First Trust BuyWrite Income ETF in the 4th quarter worth about $28,000. Oppenheimer & Co. Inc. boosted its stake in First Trust BuyWrite Income ETF by 17.3% in the fourth quarter. Oppenheimer & Co. Inc. now owns 11,818 shares of the company’s stock valued at $275,000 after acquiring an additional 1,743 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in First Trust BuyWrite Income ETF by 11.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 329,115 shares of the company’s stock valued at $7,659,000 after purchasing an additional 33,088 shares during the period. Citadel Advisors LLC acquired a new position in shares of First Trust BuyWrite Income ETF in the fourth quarter worth about $288,000. Finally, Ameriprise Financial Inc. increased its stake in shares of First Trust BuyWrite Income ETF by 5.0% during the fourth quarter. Ameriprise Financial Inc. now owns 12,463 shares of the company’s stock worth $290,000 after purchasing an additional 591 shares in the last quarter.

First Trust BuyWrite Income ETF Trading Down 0.6%

Shares of NASDAQ FTHI opened at $22.41 on Friday. First Trust BuyWrite Income ETF has a 12-month low of $19.07 and a 12-month high of $24.09. The stock has a market cap of $1.26 billion, a PE ratio of 22.95 and a beta of 0.72. The company has a 50-day moving average of $21.73 and a 200 day moving average of $22.62.

First Trust BuyWrite Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st were issued a $0.163 dividend. The ex-dividend date was Wednesday, May 21st. This represents a $1.96 annualized dividend and a yield of 8.73%.

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.