First Trust BuyWrite Income ETF (NASDAQ:FTHI) Reaches New 52-Week High – What’s Next?

First Trust BuyWrite Income ETF (NASDAQ:FTHI)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as $24.18 and last traded at $24.17, with a volume of 136805 shares. The stock had previously closed at $23.96.

First Trust BuyWrite Income ETF Stock Performance

The stock has a market cap of $2.46 billion, a PE ratio of 25.34 and a beta of 0.62. The company’s 50-day moving average price is $23.80 and its two-hundred day moving average price is $23.66.

First Trust BuyWrite Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were paid a $0.179 dividend. This is a boost from First Trust BuyWrite Income ETF’s previous dividend of $0.17. The ex-dividend date of this dividend was Tuesday, July 21st.

Institutional Investors Weigh In On First Trust BuyWrite Income ETF

Hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new position in shares of First Trust BuyWrite Income ETF in the 1st quarter worth about $497,000. NewEdge Advisors LLC raised its holdings in shares of First Trust BuyWrite Income ETF by 31.9% during the 1st quarter. NewEdge Advisors LLC now owns 45,052 shares of the company’s stock valued at $985,000 after buying an additional 10,903 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in First Trust BuyWrite Income ETF in the 1st quarter worth approximately $901,000. Jane Street Group LLC lifted its position in First Trust BuyWrite Income ETF by 13.0% in the 1st quarter. Jane Street Group LLC now owns 84,413 shares of the company’s stock worth $1,845,000 after buying an additional 9,736 shares during the last quarter. Finally, First Trust Advisors LP purchased a new stake in First Trust BuyWrite Income ETF in the second quarter worth approximately $635,000.

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.