Ergawealth Advisors Inc. Acquires 750,861 Shares of First Trust BuyWrite Income ETF $FTHI

Ergawealth Advisors Inc. boosted its holdings in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 203.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,120,410 shares of the company’s stock after acquiring an additional 750,861 shares during the quarter. First Trust BuyWrite Income ETF accounts for about 12.4% of Ergawealth Advisors Inc.’s investment portfolio, making the stock its 2nd largest holding. Ergawealth Advisors Inc. owned 1.59% of First Trust BuyWrite Income ETF worth $26,565,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its stake in shares of First Trust BuyWrite Income ETF by 4.7% in the first quarter. Geneos Wealth Management Inc. now owns 29,105 shares of the company’s stock worth $636,000 after acquiring an additional 1,310 shares during the last quarter. Fermata Advisors LLC purchased a new position in First Trust BuyWrite Income ETF in the third quarter valued at about $934,000. Goldman Sachs Group Inc. acquired a new position in First Trust BuyWrite Income ETF in the 1st quarter worth about $901,000. Goldstone Financial Group LLC purchased a new stake in shares of First Trust BuyWrite Income ETF during the 3rd quarter worth about $2,467,000. Finally, Novem Group purchased a new stake in shares of First Trust BuyWrite Income ETF during the 2nd quarter worth about $256,000.

First Trust BuyWrite Income ETF Stock Performance

Shares of NASDAQ FTHI opened at $23.74 on Tuesday. The stock has a market cap of $1.72 billion, a price-to-earnings ratio of 25.34 and a beta of 0.64. The business has a 50 day simple moving average of $23.64 and a 200 day simple moving average of $23.38. First Trust BuyWrite Income ETF has a 52 week low of $19.07 and a 52 week high of $24.03.

First Trust BuyWrite Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be issued a dividend of $0.177 per share. The ex-dividend date is Friday, December 12th. This represents a c) dividend on an annualized basis and a dividend yield of 8.9%.

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.