Raymond James Financial Inc. Makes New $56.10 Million Investment in First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Raymond James Financial Inc. purchased a new position in First Trust BuyWrite Income ETF (NASDAQ:FTHI) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 2,410,798 shares of the company’s stock, valued at approximately $56,099,000.

Several other institutional investors have also added to or reduced their stakes in FTHI. LPL Financial LLC boosted its holdings in First Trust BuyWrite Income ETF by 22.7% in the third quarter. LPL Financial LLC now owns 4,753,553 shares of the company’s stock worth $109,427,000 after acquiring an additional 880,921 shares in the last quarter. CreativeOne Wealth LLC acquired a new stake in First Trust BuyWrite Income ETF in the third quarter worth about $5,665,000. JPMorgan Chase & Co. boosted its holdings in First Trust BuyWrite Income ETF by 138,919.8% in the third quarter. JPMorgan Chase & Co. now owns 182,116 shares of the company’s stock worth $4,192,000 after acquiring an additional 181,985 shares in the last quarter. Stifel Financial Corp boosted its holdings in First Trust BuyWrite Income ETF by 38.4% in the third quarter. Stifel Financial Corp now owns 645,420 shares of the company’s stock worth $14,858,000 after acquiring an additional 178,982 shares in the last quarter. Finally, Elevation Wealth Partners LLC boosted its holdings in First Trust BuyWrite Income ETF by 649.2% in the fourth quarter. Elevation Wealth Partners LLC now owns 173,382 shares of the company’s stock worth $4,112,000 after acquiring an additional 150,240 shares in the last quarter.

First Trust BuyWrite Income ETF Stock Down 2.6 %

First Trust BuyWrite Income ETF stock opened at $21.89 on Tuesday. First Trust BuyWrite Income ETF has a 52 week low of $20.96 and a 52 week high of $24.09. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 24.49 and a beta of 0.72. The stock has a 50-day moving average price of $23.37 and a 200 day moving average price of $23.30.

First Trust BuyWrite Income ETF Announces Dividend

The company also recently announced a dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a dividend of $0.174 per share. The ex-dividend date of this dividend was Friday, February 21st.

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.