Arax Advisory Partners Purchases New Position in First Trust BuyWrite Income ETF $FTHI

Arax Advisory Partners purchased a new stake in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 165,708 shares of the company’s stock, valued at approximately $3,914,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. purchased a new stake in shares of First Trust BuyWrite Income ETF during the third quarter valued at approximately $27,000. Aventura Private Wealth LLC bought a new position in First Trust BuyWrite Income ETF during the fourth quarter valued at approximately $51,000. Global Retirement Partners LLC lifted its position in First Trust BuyWrite Income ETF by 15.4% during the fourth quarter. Global Retirement Partners LLC now owns 3,783 shares of the company’s stock valued at $89,000 after purchasing an additional 504 shares during the period. Aptus Capital Advisors LLC boosted its stake in shares of First Trust BuyWrite Income ETF by 21.4% in the 3rd quarter. Aptus Capital Advisors LLC now owns 5,384 shares of the company’s stock worth $128,000 after buying an additional 949 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new position in shares of First Trust BuyWrite Income ETF in the 4th quarter worth $131,000.

First Trust BuyWrite Income ETF Stock Performance

Shares of NASDAQ FTHI opened at $23.77 on Monday. The firm has a 50 day moving average of $23.67 and a 200 day moving average of $23.63. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 25.34 and a beta of 0.62. First Trust BuyWrite Income ETF has a 12-month low of $22.35 and a 12-month high of $24.18.

First Trust BuyWrite Income ETF Announces Dividend

The business also recently announced a dividend, which was paid on Friday, May 29th. Investors of record on Thursday, May 21st were paid a dividend of $0.172 per share. The ex-dividend date of this dividend was Thursday, May 21st.

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.