Raleigh Capital Management Inc. Takes $38,000 Position in First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Posted by Defense World Staff on Sep 15th, 2023

Raleigh Capital Management Inc. purchased a new position in First Trust BuyWrite Income ETF (NASDAQ:FTHI – Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,863 shares of the company’s stock, valued at approximately $38,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of FTHI. UBS Group AG purchased a new position in shares of First Trust BuyWrite Income ETF in the third quarter worth about $30,000. First Horizon Advisors Inc. lifted its position in First Trust BuyWrite Income ETF by 310.7% during the first quarter. First Horizon Advisors Inc. now owns 1,988 shares of the company’s stock worth $40,000 after buying an additional 1,504 shares in the last quarter. Global Retirement Partners LLC purchased a new position in First Trust BuyWrite Income ETF during the first quarter worth approximately $52,000. Morgan Stanley lifted its position in First Trust BuyWrite Income ETF by 95.0% during the fourth quarter. Morgan Stanley now owns 3,311 shares of the company’s stock worth $64,000 after buying an additional 1,613 shares in the last quarter. Finally, Benjamin Edwards Inc. purchased a new position in First Trust BuyWrite Income ETF during the first quarter worth approximately $112,000.

First Trust BuyWrite Income ETF Price Performance

Shares of FTHI stock opened at $21.20 on Friday. The firm’s 50-day moving average is $21.04 and its two-hundred day moving average is $20.66. First Trust BuyWrite Income ETF has a 12 month low of $18.24 and a 12 month high of $21.36. The company has a market capitalization of $223.02 million, a PE ratio of 16.82 and a beta of 0.72.

First Trust BuyWrite Income ETF Dividend Announcement

The company also recently announced a monthly dividend, which was paid on Thursday, August 31st. Shareholders of record on Wednesday, August 23rd were paid a dividend of $0.157 per share. This represents a $1.88 dividend on an annualized basis and a yield of 8.89%. The ex-dividend date was Tuesday, August 22nd.

First Trust BuyWrite Income ETF Company Profile

(Free Report)

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.