Envestnet Portfolio Solutions Inc. Sells 65,641 Shares of First Trust BuyWrite Income ETF $FTHI

Envestnet Portfolio Solutions Inc. reduced its position in First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 62.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,370 shares of the company’s stock after selling 65,641 shares during the quarter. Envestnet Portfolio Solutions Inc. owned 0.06% of First Trust BuyWrite Income ETF worth $900,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in FTHI. LPL Financial LLC increased its position in First Trust BuyWrite Income ETF by 18.7% during the 1st quarter. LPL Financial LLC now owns 6,559,349 shares of the company’s stock valued at $143,387,000 after purchasing an additional 1,033,980 shares during the period. Raymond James Financial Inc. boosted its stake in shares of First Trust BuyWrite Income ETF by 27.3% during the first quarter. Raymond James Financial Inc. now owns 3,069,881 shares of the company’s stock valued at $67,108,000 after purchasing an additional 659,083 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in First Trust BuyWrite Income ETF by 820.0% during the first quarter. Envestnet Asset Management Inc. now owns 3,027,842 shares of the company’s stock valued at $66,189,000 after buying an additional 2,698,727 shares during the period. D.A. Davidson & CO. increased its holdings in First Trust BuyWrite Income ETF by 2,124.1% during the first quarter. D.A. Davidson & CO. now owns 2,406,024 shares of the company’s stock valued at $52,596,000 after buying an additional 2,297,845 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in First Trust BuyWrite Income ETF by 13.4% in the second quarter. Janney Montgomery Scott LLC now owns 786,087 shares of the company’s stock worth $17,962,000 after buying an additional 93,151 shares in the last quarter.

First Trust BuyWrite Income ETF Trading Up 0.4%

Shares of NASDAQ FTHI opened at $23.69 on Monday. First Trust BuyWrite Income ETF has a 12-month low of $19.07 and a 12-month high of $24.09. The stock’s fifty day simple moving average is $23.51 and its two-hundred day simple moving average is $22.64. The stock has a market capitalization of $1.67 billion, a PE ratio of 25.34 and a beta of 0.72.

First Trust BuyWrite Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a $0.171 dividend. The ex-dividend date was Thursday, September 25th. This represents a c) dividend on an annualized basis and a yield of 8.7%.

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.