First Trust BuyWrite Income ETF (NASDAQ:FTHI) Reaches New 52-Week High at $22.72

First Trust BuyWrite Income ETF (NASDAQ:FTHI) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $22.72 and last traded at $22.64, with a volume of 19022 shares traded. The stock had previously closed at $22.60.

First Trust BuyWrite Income ETF Price Performance

The business has a 50 day moving average of $22.38 and a 200 day moving average of $22.08. The firm has a market capitalization of $591.36 million, a price-to-earnings ratio of 18.59 and a beta of 0.72.

First Trust BuyWrite Income ETF Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a dividend of $0.168 per share. This represents a $2.02 dividend on an annualized basis and a yield of 8.90%. The ex-dividend date was Thursday, June 27th.

Institutional Trading of First Trust BuyWrite Income ETF

Several hedge funds have recently added to or reduced their stakes in FTHI. Raleigh Capital Management Inc. increased its holdings in shares of First Trust BuyWrite Income ETF by 53.5% in the third quarter. Raleigh Capital Management Inc. now owns 2,846 shares of the company’s stock worth $58,000 after acquiring an additional 992 shares in the last quarter. Global Retirement Partners LLC increased its stake in First Trust BuyWrite Income ETF by 22.3% during the 1st quarter. Global Retirement Partners LLC now owns 3,279 shares of the company’s stock worth $74,000 after purchasing an additional 597 shares in the last quarter. Parallel Advisors LLC acquired a new stake in First Trust BuyWrite Income ETF during the 4th quarter worth approximately $121,000. Channel Wealth LLC acquired a new stake in First Trust BuyWrite Income ETF during the 4th quarter worth approximately $211,000. Finally, Independent Wealth Network Inc. bought a new position in First Trust BuyWrite Income ETF in the fourth quarter valued at approximately $225,000.

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.