Sovran Advisors LLC Makes New $768,000 Investment in First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Sovran Advisors LLC acquired a new position in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 33,265 shares of the company’s stock, valued at approximately $768,000. Sovran Advisors LLC owned 0.07% of First Trust BuyWrite Income ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of FTHI. Wilmington Savings Fund Society FSB purchased a new stake in shares of First Trust BuyWrite Income ETF during the 3rd quarter worth $50,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in First Trust BuyWrite Income ETF in the fourth quarter worth about $51,000. GoalVest Advisory LLC bought a new position in First Trust BuyWrite Income ETF in the third quarter worth about $53,000. AdvisorNet Financial Inc purchased a new stake in shares of First Trust BuyWrite Income ETF during the fourth quarter valued at about $65,000. Finally, GPS Wealth Strategies Group LLC boosted its holdings in shares of First Trust BuyWrite Income ETF by 26.5% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 5,498 shares of the company’s stock valued at $128,000 after buying an additional 1,152 shares in the last quarter.

First Trust BuyWrite Income ETF Stock Up 0.2 %

Shares of First Trust BuyWrite Income ETF stock opened at $23.70 on Wednesday. First Trust BuyWrite Income ETF has a 52-week low of $20.96 and a 52-week high of $24.09. The firm’s 50 day moving average price is $23.56 and its 200-day moving average price is $23.19. The company has a market cap of $1.17 billion, a P/E ratio of 18.59 and a beta of 0.72.

First Trust BuyWrite Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd were given a dividend of $0.174 per share. The ex-dividend date of this dividend was Wednesday, January 22nd. This is an increase from First Trust BuyWrite Income ETF’s previous dividend of $0.17.

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.