Archer Investment Corp Raises Stock Holdings in First Trust BuyWrite Income ETF $FTHI

Archer Investment Corp boosted its stake in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 61.9% during the first quarter, Holdings Channel.com reports. The firm owned 234,922 shares of the company’s stock after purchasing an additional 89,782 shares during the quarter. First Trust BuyWrite Income ETF makes up about 1.1% of Archer Investment Corp’s investment portfolio, making the stock its 15th biggest position. Archer Investment Corp’s holdings in First Trust BuyWrite Income ETF were worth $5,391,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new position in First Trust BuyWrite Income ETF in the third quarter worth about $27,000. Ascentis Independent Advisors purchased a new stake in shares of First Trust BuyWrite Income ETF during the first quarter valued at about $26,000. Aventura Private Wealth LLC bought a new stake in shares of First Trust BuyWrite Income ETF in the 4th quarter valued at about $51,000. Global Retirement Partners LLC boosted its holdings in shares of First Trust BuyWrite Income ETF by 15.4% in the 4th quarter. Global Retirement Partners LLC now owns 3,783 shares of the company’s stock valued at $89,000 after buying an additional 504 shares in the last quarter. Finally, Aptus Capital Advisors LLC grew its position 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.

First Trust BuyWrite Income ETF Stock Down 0.5%

Shares of First Trust BuyWrite Income ETF stock opened at $23.82 on Tuesday. The company has a market cap of $2.37 billion, a P/E ratio of 25.34 and a beta of 0.62. The firm’s 50 day moving average price is $23.80 and its 200-day moving average price is $23.66. First Trust BuyWrite Income ETF has a 52-week low of $22.37 and a 52-week high of $24.18.

First Trust BuyWrite Income ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.172 dividend. The ex-dividend date was Thursday, June 25th.

First Trust BuyWrite Income ETF 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.