ARQ Wealth Advisors LLC Raises Stake in First Trust BuyWrite Income ETF $FTHI

ARQ Wealth Advisors LLC lifted its stake in First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 64.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 192,614 shares of the company’s stock after purchasing an additional 75,351 shares during the period. First Trust BuyWrite Income ETF comprises about 1.4% of ARQ Wealth Advisors LLC’s investment portfolio, making the stock its 27th largest position. ARQ Wealth Advisors LLC owned 0.27% of First Trust BuyWrite Income ETF worth $4,567,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in shares of First Trust BuyWrite Income ETF in the third quarter valued at approximately $27,000. Bank of Montreal Can purchased a new position in First Trust BuyWrite Income ETF during the 2nd quarter valued at about $31,000. GoalVest Advisory LLC raised its stake in First Trust BuyWrite Income ETF by 82.2% in the third quarter. GoalVest Advisory LLC now owns 1,481 shares of the company’s stock worth $35,000 after buying an additional 668 shares in the last quarter. CX Institutional bought a new position in shares of First Trust BuyWrite Income ETF in the 3rd quarter worth $36,000. Finally, Asset Dedication LLC purchased a new stake in shares of First Trust BuyWrite Income ETF during the second quarter valued at about $44,000.

First Trust BuyWrite Income ETF Stock Up 0.1%

NASDAQ:FTHI opened at $23.30 on Wednesday. First Trust BuyWrite Income ETF has a 52 week low of $19.07 and a 52 week high of $24.18. The firm has a 50 day moving average of $23.72 and a 200 day moving average of $23.67. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of 25.34 and a beta of 0.64.

First Trust BuyWrite Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 20th were paid a $0.177 dividend. The ex-dividend date was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 9.1%.

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.