Marshall Investment Management LLC Raises Stake in First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Marshall Investment Management LLC grew its stake in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 11.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 16,716 shares of the company’s stock after purchasing an additional 1,742 shares during the period. Marshall Investment Management LLC’s holdings in First Trust BuyWrite Income ETF were worth $365,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC raised its stake in shares of First Trust BuyWrite Income ETF by 18.7% during the 1st quarter. LPL Financial LLC now owns 6,559,349 shares of the company’s stock worth $143,387,000 after buying an additional 1,033,980 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of First Trust BuyWrite Income ETF by 20.3% during the 1st quarter. Cetera Investment Advisers now owns 692,184 shares of the company’s stock worth $15,131,000 after buying an additional 116,610 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in shares of First Trust BuyWrite Income ETF by 42.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 130,685 shares of the company’s stock worth $2,857,000 after buying an additional 39,012 shares during the last quarter. Advisor OS LLC acquired a new position in shares of First Trust BuyWrite Income ETF during the 1st quarter worth $7,181,000. Finally, BlueChip Wealth Advisors LLC raised its stake in shares of First Trust BuyWrite Income ETF by 33.5% during the 1st quarter. BlueChip Wealth Advisors LLC now owns 19,180 shares of the company’s stock worth $419,000 after buying an additional 4,818 shares during the last quarter.

First Trust BuyWrite Income ETF Stock Down 0.0%

NASDAQ:FTHI opened at $22.99 on Tuesday. The company has a market capitalization of $1.41 billion, a PE ratio of 25.34 and a beta of 0.72. First Trust BuyWrite Income ETF has a 52-week low of $19.07 and a 52-week high of $24.09. The stock has a fifty day simple moving average of $22.61 and a 200-day simple moving average of $22.43.

First Trust BuyWrite Income ETF Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 22nd will be paid a $0.171 dividend. This is an increase from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.05 annualized dividend and a yield of 8.93%.

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.