GAMMA Investing LLC Raises Stake in First Trust BuyWrite Income ETF (NASDAQ:FTHI)

GAMMA Investing LLC raised its position in First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 2,086.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,958 shares of the company’s stock after acquiring an additional 19,045 shares during the quarter. GAMMA Investing LLC’s holdings in First Trust BuyWrite Income ETF were worth $436,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in First Trust BuyWrite Income ETF by 16.2% in the fourth quarter. LPL Financial LLC now owns 5,525,369 shares of the company’s stock worth $128,575,000 after acquiring an additional 771,816 shares during the last quarter. Wells Fargo & Company MN lifted its stake in First Trust BuyWrite Income ETF by 16.3% in the fourth quarter. Wells Fargo & Company MN now owns 3,366,643 shares of the company’s stock worth $78,342,000 after acquiring an additional 470,916 shares during the last quarter. Raymond James Financial Inc. purchased a new position in First Trust BuyWrite Income ETF in the fourth quarter worth approximately $56,099,000. Stifel Financial Corp lifted its stake in First Trust BuyWrite Income ETF by 5.1% in the fourth quarter. Stifel Financial Corp now owns 678,435 shares of the company’s stock worth $15,787,000 after acquiring an additional 33,015 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in First Trust BuyWrite Income ETF by 16.4% in the fourth quarter. Cetera Investment Advisers now owns 575,574 shares of the company’s stock worth $13,394,000 after acquiring an additional 80,886 shares during the last quarter.

First Trust BuyWrite Income ETF Trading Up 0.1%

FTHI stock opened at $22.48 on Friday. First Trust BuyWrite Income ETF has a twelve month low of $19.07 and a twelve month high of $24.09. The company’s 50 day moving average is $21.87 and its two-hundred day moving average is $22.58. The stock has a market cap of $1.27 billion, a P/E ratio of 22.95 and a beta of 0.72.

First Trust BuyWrite Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Friday, May 30th. Shareholders of record on Wednesday, May 21st were issued a dividend of $0.163 per share. The ex-dividend date of this dividend was Wednesday, May 21st. This represents a $1.96 dividend on an annualized basis and a yield of 8.70%.

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.