Redmond Asset Management LLC Raises Stake in First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Redmond Asset Management LLC lifted its stake in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 20.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,814 shares of the company’s stock after purchasing an additional 2,888 shares during the quarter. Redmond Asset Management LLC’s holdings in First Trust BuyWrite Income ETF were worth $391,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Raymond James & Associates grew its holdings in shares of First Trust BuyWrite Income ETF by 3.1% in the 3rd quarter. Raymond James & Associates now owns 518,793 shares of the company’s stock worth $11,943,000 after acquiring an additional 15,757 shares during the period. Private Advisor Group LLC grew its holdings in First Trust BuyWrite Income ETF by 3.6% in the third quarter. Private Advisor Group LLC now owns 28,654 shares of the company’s stock valued at $660,000 after purchasing an additional 985 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in shares of First Trust BuyWrite Income ETF by 18.6% in the third quarter. J.W. Cole Advisors Inc. now owns 11,633 shares of the company’s stock valued at $268,000 after buying an additional 1,821 shares in the last quarter. Gladstone Institutional Advisory LLC increased its position in shares of First Trust BuyWrite Income ETF by 9.1% in the third quarter. Gladstone Institutional Advisory LLC now owns 13,891 shares of the company’s stock valued at $320,000 after buying an additional 1,161 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its stake in shares of First Trust BuyWrite Income ETF by 8.0% during the 3rd quarter. Janney Montgomery Scott LLC now owns 251,305 shares of the company’s stock worth $5,785,000 after buying an additional 18,653 shares during the last quarter.

First Trust BuyWrite Income ETF Trading Down 1.8 %

Shares of NASDAQ FTHI opened at $23.24 on Friday. The company’s 50-day moving average price is $23.51 and its 200 day moving average price is $23.26. First Trust BuyWrite Income ETF has a 52 week low of $20.96 and a 52 week high of $24.09. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of 18.59 and a beta of 0.72.

First Trust BuyWrite Income ETF Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be paid a dividend of $0.174 per share. The ex-dividend date is Friday, February 21st.

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.