First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sets New 12-Month Low – What’s Next?

First Trust BuyWrite Income ETF (NASDAQ:FTHIGet Free Report)’s stock price hit a new 52-week low during trading on Friday . The stock traded as low as $20.42 and last traded at $20.48, with a volume of 71784 shares trading hands. The stock had previously closed at $21.18.

First Trust BuyWrite Income ETF Stock Performance

The stock has a fifty day simple moving average of $22.78 and a two-hundred day simple moving average of $23.19. The stock has a market cap of $1.15 billion, a PE ratio of 21.94 and a beta of 0.63.

First Trust BuyWrite Income ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a dividend of $0.174 per share. The ex-dividend date of this dividend was Thursday, March 27th.

Hedge Funds Weigh In On First Trust BuyWrite Income ETF

A number of institutional investors have recently made changes to their positions in FTHI. SBI Securities Co. Ltd. bought a new stake in shares of First Trust BuyWrite Income ETF in the fourth quarter worth $28,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of First Trust BuyWrite Income ETF in the 3rd quarter valued at about $50,000. Kestra Investment Management LLC acquired a new position in First Trust BuyWrite Income ETF in the fourth quarter worth about $50,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in First Trust BuyWrite Income ETF in the fourth quarter valued at about $51,000. Finally, IMG Wealth Management Inc. acquired a new stake in First Trust BuyWrite Income ETF during the fourth quarter valued at approximately $61,000.

First Trust BuyWrite Income ETF Company Profile

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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.

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