First Trust BuyWrite Income ETF (NASDAQ:FTHI) Shares Sold by Truist Financial Corp

Truist Financial Corp lowered its stake in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 3.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 115,781 shares of the company’s stock after selling 3,942 shares during the quarter. Truist Financial Corp’s holdings in First Trust BuyWrite Income ETF were worth $2,473,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the stock. LPL Financial LLC increased its position in First Trust BuyWrite Income ETF by 45.3% during the third quarter. LPL Financial LLC now owns 1,890,652 shares of the company’s stock worth $38,588,000 after purchasing an additional 589,252 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of First Trust BuyWrite Income ETF during the 4th quarter worth $6,461,000. Raymond James Financial Services Advisors Inc. raised its position in shares of First Trust BuyWrite Income ETF by 17.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 1,361,487 shares of the company’s stock worth $29,081,000 after buying an additional 199,176 shares during the period. RiverFront Investment Group LLC boosted its holdings in First Trust BuyWrite Income ETF by 52.8% in the third quarter. RiverFront Investment Group LLC now owns 379,236 shares of the company’s stock valued at $7,740,000 after acquiring an additional 130,984 shares during the last quarter. Finally, Cerity Partners LLC purchased a new stake in First Trust BuyWrite Income ETF during the fourth quarter valued at about $2,464,000.

First Trust BuyWrite Income ETF Price Performance

First Trust BuyWrite Income ETF stock opened at $22.32 on Thursday. The company has a market cap of $591.93 million, a price-to-earnings ratio of 18.59 and a beta of 0.64. First Trust BuyWrite Income ETF has a 12 month low of $19.56 and a 12 month high of $22.59. The stock’s 50-day moving average is $22.21 and its 200-day moving average is $21.60.

First Trust BuyWrite Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 24th were issued a $0.168 dividend. This is a positive change from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend was Tuesday, April 23rd. This represents a $2.02 annualized dividend and a yield of 9.03%.

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.