Synovus Financial Corp Buys Shares of 30,473 First Trust BuyWrite Income ETF $FTHI

Synovus Financial Corp purchased a new position in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 30,473 shares of the company’s stock, valued at approximately $723,000.

A number of other institutional investors and hedge funds have also modified their holdings of FTHI. AQR Capital Management LLC acquired a new position in First Trust BuyWrite Income ETF during the first quarter worth $497,000. NewEdge Advisors LLC increased its position in shares of First Trust BuyWrite Income ETF by 31.9% in the first quarter. NewEdge Advisors LLC now owns 45,052 shares of the company’s stock valued at $985,000 after buying an additional 10,903 shares in the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of First Trust BuyWrite Income ETF during the 1st quarter worth $901,000. Jane Street Group LLC raised its stake in shares of First Trust BuyWrite Income ETF by 13.0% during the 1st quarter. Jane Street Group LLC now owns 84,413 shares of the company’s stock worth $1,845,000 after buying an additional 9,736 shares during the last quarter. Finally, Brookstone Capital Management boosted its position in shares of First Trust BuyWrite Income ETF by 4.1% in the 2nd quarter. Brookstone Capital Management now owns 42,281 shares of the company’s stock worth $966,000 after buying an additional 1,652 shares in the last quarter.

First Trust BuyWrite Income ETF Stock Performance

Shares of NASDAQ FTHI opened at $23.87 on Monday. The company’s 50-day moving average price is $23.79 and its 200 day moving average price is $23.64. First Trust BuyWrite Income ETF has a 52 week low of $19.07 and a 52 week high of $24.18. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 25.34 and a beta of 0.64.

First Trust BuyWrite Income ETF Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be given a $0.177 dividend. The ex-dividend date is Friday, February 20th. This represents a c) annualized dividend 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.