Avantax Advisory Services Inc. Grows Stock Position in First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Avantax Advisory Services Inc. raised its stake in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 42.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 130,685 shares of the company’s stock after buying an additional 39,012 shares during the period. Avantax Advisory Services Inc. owned about 0.23% of First Trust BuyWrite Income ETF worth $2,857,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Envestnet Asset Management Inc. increased its stake in shares of First Trust BuyWrite Income ETF by 820.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,027,842 shares of the company’s stock valued at $66,189,000 after purchasing an additional 2,698,727 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of First Trust BuyWrite Income ETF by 2,124.1% in the 1st quarter. D.A. Davidson & CO. now owns 2,406,024 shares of the company’s stock valued at $52,596,000 after purchasing an additional 2,297,845 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of First Trust BuyWrite Income ETF by 16.3% in the 4th quarter. Wells Fargo & Company MN now owns 3,366,643 shares of the company’s stock valued at $78,342,000 after purchasing an additional 470,916 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of First Trust BuyWrite Income ETF by 108.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 692,936 shares of the company’s stock valued at $15,148,000 after purchasing an additional 359,856 shares in the last quarter. Finally, MJP Associates Inc. ADV purchased a new position in shares of First Trust BuyWrite Income ETF in the 1st quarter valued at about $7,181,000.

First Trust BuyWrite Income ETF Trading Down 0.0%

FTHI stock opened at $22.98 on Wednesday. First Trust BuyWrite Income ETF has a 12-month low of $19.07 and a 12-month high of $24.09. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 25.34 and a beta of 0.72. The business’s 50-day moving average is $22.61 and its 200 day moving average is $22.43.

First Trust BuyWrite Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 22nd will be issued a $0.171 dividend. This represents a $2.05 annualized dividend and a yield of 8.93%. This is a boost from First Trust BuyWrite Income ETF’s previous monthly dividend of $0.16. The ex-dividend date of this dividend is Tuesday, July 22nd.

First Trust BuyWrite Income ETF Company 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.