First Trust BuyWrite Income ETF (NASDAQ:FTHI) Reaches New 12-Month High – Here’s Why

First Trust BuyWrite Income ETF (NASDAQ:FTHI)’s stock price reached a new 52-week high during trading on Wednesday . The stock traded as high as $24.05 and last traded at $23.9150, with a volume of 144262 shares changing hands. The stock had previously closed at $23.98.

First Trust BuyWrite Income ETF Price Performance

The business has a 50 day simple moving average of $23.72 and a 200 day simple moving average of $23.54. The company has a market capitalization of $1.96 billion, a price-to-earnings ratio of 25.34 and a beta of 0.64.

First Trust BuyWrite Income ETF Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st will be given a $0.177 dividend. The ex-dividend date of this dividend is Wednesday, January 21st. This represents a c) annualized dividend and a yield of 8.9%.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. bought a new position in First Trust BuyWrite Income ETF during the 3rd quarter worth approximately $27,000. Bank of Montreal Can bought a new stake in shares of First Trust BuyWrite Income ETF during the 2nd quarter worth approximately $31,000. GoalVest Advisory LLC lifted its stake in First Trust BuyWrite Income ETF by 82.2% in the 3rd quarter. GoalVest Advisory LLC now owns 1,481 shares of the company’s stock valued at $35,000 after purchasing an additional 668 shares during the last quarter. CX Institutional bought a new stake in shares of First Trust BuyWrite Income ETF during the 3rd quarter worth about $36,000. Finally, Asset Dedication LLC bought a new position in First Trust BuyWrite Income ETF in the 2nd quarter valued at about $44,000.

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.