First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sees Strong Trading Volume Following Dividend Announcement

First Trust BuyWrite Income ETF (NASDAQ:FTHI) saw unusually-strong trading volume on Friday after the company announced a dividend. Approximately 2,483,759 shares were traded during mid-day trading, an increase of 430% from the previous session’s volume of 468,472 shares.The stock last traded at $23.24 and had previously closed at $23.67.

The newly announced dividend which will be paid on Friday, February 28th. Stockholders of record on Friday, February 21st will be issued a $0.174 dividend. The ex-dividend date is Friday, February 21st.

First Trust BuyWrite Income ETF Price Performance

The firm’s fifty day moving average price is $23.51 and its 200-day moving average price is $23.26. The firm has a market capitalization of $1.15 billion, a P/E ratio of 18.59 and a beta of 0.72.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FTHI. Raymond James & Associates boosted its holdings in shares of First Trust BuyWrite Income ETF by 3.1% in the third quarter. Raymond James & Associates now owns 518,793 shares of the company’s stock valued at $11,943,000 after acquiring an additional 15,757 shares in the last quarter. Private Advisor Group LLC boosted its holdings in First Trust BuyWrite Income ETF by 3.6% during the third quarter. Private Advisor Group LLC now owns 28,654 shares of the company’s stock worth $660,000 after buying an additional 985 shares in the last quarter. J.W. Cole Advisors Inc. boosted its holdings in First Trust BuyWrite Income ETF by 18.6% during the third quarter. J.W. Cole Advisors Inc. now owns 11,633 shares of the company’s stock worth $268,000 after buying an additional 1,821 shares in the last quarter. Gladstone Institutional Advisory LLC boosted its holdings in First Trust BuyWrite Income ETF by 9.1% during the third quarter. Gladstone Institutional Advisory LLC now owns 13,891 shares of the company’s stock worth $320,000 after buying an additional 1,161 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in First Trust BuyWrite Income ETF by 8.0% during the third 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 in the last quarter.

First Trust BuyWrite Income ETF Company 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.