Arete Wealth Advisors LLC Has $270,000 Stock Position in First Trust BuyWrite Income ETF $FTHI

Arete Wealth Advisors LLC boosted its holdings in First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 17.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,374 shares of the company’s stock after buying an additional 1,849 shares during the period. Arete Wealth Advisors LLC’s holdings in First Trust BuyWrite Income ETF were worth $270,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of FTHI. NBC Securities Inc. acquired a new stake in shares of First Trust BuyWrite Income ETF in the first quarter worth $35,000. SBI Securities Co. Ltd. boosted its holdings in First Trust BuyWrite Income ETF by 45.1% in the 1st quarter. SBI Securities Co. Ltd. now owns 1,719 shares of the company’s stock valued at $38,000 after purchasing an additional 534 shares during the period. Thurston Springer Miller Herd & Titak Inc. grew its position in First Trust BuyWrite Income ETF by 22.7% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,700 shares of the company’s stock worth $59,000 after purchasing an additional 500 shares during the last quarter. IMG Wealth Management Inc. grew its position in First Trust BuyWrite Income ETF by 38.7% in the 1st quarter. IMG Wealth Management Inc. now owns 3,653 shares of the company’s stock worth $80,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new position in shares of First Trust BuyWrite Income ETF during the 4th quarter worth about $132,000.

First Trust BuyWrite Income ETF Stock Performance

Shares of FTHI opened at $23.66 on Friday. The company has a 50-day simple moving average of $23.14 and a 200-day simple moving average of $22.38. First Trust BuyWrite Income ETF has a 52 week low of $19.07 and a 52 week high of $24.09. The firm has a market capitalization of $1.46 billion, a P/E ratio of 25.34 and a beta of 0.72.

First Trust BuyWrite Income ETF Announces Dividend

The company also recently declared a monthly dividend, which was paid on Friday, August 29th. Shareholders of record on Thursday, August 21st were issued a $0.171 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a c) annualized dividend and a yield of 8.7%.

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.