Northwestern Mutual Wealth Management Co. Trims Holdings in First Trust BuyWrite Income ETF $FTHI

Northwestern Mutual Wealth Management Co. lessened its holdings in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 43.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 145,567 shares of the company’s stock after selling 110,915 shares during the period. Northwestern Mutual Wealth Management Co. owned about 0.18% of First Trust BuyWrite Income ETF worth $3,438,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cornerstone Wealth Management LLC grew its holdings in shares of First Trust BuyWrite Income ETF by 18.0% during the 4th quarter. Cornerstone Wealth Management LLC now owns 46,332 shares of the company’s stock worth $1,094,000 after acquiring an additional 7,064 shares during the period. World Investment Advisors purchased a new position in shares of First Trust BuyWrite Income ETF during the 4th quarter worth approximately $833,000. Advisor OS LLC grew its holdings in shares of First Trust BuyWrite Income ETF by 13.0% during the 4th quarter. Advisor OS LLC now owns 457,777 shares of the company’s stock worth $10,813,000 after acquiring an additional 52,675 shares during the period. Legacy Wealth Managment LLC ID grew its holdings in shares of First Trust BuyWrite Income ETF by 13.8% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 35,739 shares of the company’s stock worth $844,000 after acquiring an additional 4,324 shares during the period. Finally, Channel Wealth LLC grew its holdings in shares of First Trust BuyWrite Income ETF by 5.0% during the 4th quarter. Channel Wealth LLC now owns 15,516 shares of the company’s stock worth $366,000 after acquiring an additional 737 shares during the period.

First Trust BuyWrite Income ETF Stock Performance

FTHI stock opened at $23.88 on Monday. First Trust BuyWrite Income ETF has a fifty-two week low of $21.67 and a fifty-two week high of $24.18. The business’s 50 day moving average price is $23.44 and its two-hundred day moving average price is $23.61. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 25.34 and a beta of 0.63.

First Trust BuyWrite Income ETF Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, May 29th. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.172 per share. The ex-dividend date is Thursday, May 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.