Comerica Bank Has $48,000 Holdings in First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Comerica Bank decreased its position in First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 61.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,071 shares of the company’s stock after selling 3,349 shares during the period. Comerica Bank’s holdings in First Trust BuyWrite Income ETF were worth $48,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of First Trust BuyWrite Income ETF during the 4th quarter worth $28,000. Kestra Investment Management LLC bought a new stake in shares of First Trust BuyWrite Income ETF during the 4th quarter valued at $50,000. IMG Wealth Management Inc. bought a new position in First Trust BuyWrite Income ETF in the 4th quarter worth about $61,000. GPS Wealth Strategies Group LLC increased its stake in First Trust BuyWrite Income ETF by 26.5% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 5,498 shares of the company’s stock worth $128,000 after acquiring an additional 1,152 shares during the last quarter. Finally, Ferguson Shapiro LLC bought a new position in First Trust BuyWrite Income ETF in the 4th quarter worth about $217,000.

First Trust BuyWrite Income ETF Price Performance

Shares of FTHI stock opened at $22.28 on Tuesday. The stock has a market capitalization of $1.26 billion, a PE ratio of 22.73 and a beta of 0.72. First Trust BuyWrite Income ETF has a 1-year low of $19.07 and a 1-year high of $24.09. The business has a 50-day moving average of $21.53 and a 200 day moving average of $22.78.

First Trust BuyWrite Income ETF Cuts Dividend

The business also recently disclosed a monthly dividend, which was paid on Wednesday, April 30th. Investors of record on Tuesday, April 22nd were given a dividend of $0.163 per share. This represents a $1.96 dividend on an annualized basis and a yield of 8.78%. The ex-dividend date of this dividend was Tuesday, April 22nd.

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.