Merkkuri Wealth Advisors LLC Has $2.11 Million Stock Position in First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Merkkuri Wealth Advisors LLC grew its stake in First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 21.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 91,803 shares of the company’s stock after buying an additional 15,918 shares during the quarter. First Trust BuyWrite Income ETF accounts for 1.7% of Merkkuri Wealth Advisors LLC’s holdings, making the stock its 15th biggest position. Merkkuri Wealth Advisors LLC’s holdings in First Trust BuyWrite Income ETF were worth $2,113,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in FTHI. GPS Wealth Strategies Group LLC bought a new position in shares of First Trust BuyWrite Income ETF during the 2nd quarter worth approximately $97,000. Valley Brook Capital Group Inc. acquired a new stake in First Trust BuyWrite Income ETF in the 2nd quarter valued at $215,000. Simplicity Wealth LLC acquired a new stake in First Trust BuyWrite Income ETF in the 3rd quarter valued at $220,000. Wedbush Securities Inc. bought a new stake in First Trust BuyWrite Income ETF during the 2nd quarter worth about $218,000. Finally, J.W. Cole Advisors Inc. acquired a new position in shares of First Trust BuyWrite Income ETF during the 2nd quarter worth about $220,000.

First Trust BuyWrite Income ETF Stock Performance

NASDAQ:FTHI opened at $23.07 on Friday. First Trust BuyWrite Income ETF has a 52-week low of $19.56 and a 52-week high of $23.60. The company has a market cap of $955.56 million, a P/E ratio of 18.59 and a beta of 0.72. The stock’s 50-day simple moving average is $22.90 and its 200 day simple moving average is $22.55.

First Trust BuyWrite Income ETF Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd will be given a dividend of $0.172 per share. This represents a $2.06 annualized dividend and a dividend yield of 8.95%. The ex-dividend date of this dividend is Tuesday, October 22nd.

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.