First Trust BuyWrite Income ETF (NASDAQ:FTHI) Sees Unusually-High Trading Volume – Still a Buy?

First Trust BuyWrite Income ETF (NASDAQ:FTHI) shares saw unusually-strong trading volume on Friday . Approximately 308,463 shares changed hands during mid-day trading, an increase of 56% from the previous session’s volume of 197,145 shares.The stock last traded at $23.40 and had previously closed at $23.28.

First Trust BuyWrite Income ETF Stock Up 0.8 %

The stock has a market cap of $985.79 million, a PE ratio of 18.59 and a beta of 0.72. The company’s fifty day moving average is $23.59 and its 200 day moving average is $23.01.

First Trust BuyWrite Income ETF Dividend Announcement

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a $0.172 dividend. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Trading of First Trust BuyWrite Income ETF

Several large investors have recently modified their holdings of the business. Sanctuary Advisors LLC bought a new position in First Trust BuyWrite Income ETF during the 3rd quarter valued at $403,000. Envestnet Asset Management Inc. grew its stake in First Trust BuyWrite Income ETF by 34.0% in the second quarter. Envestnet Asset Management Inc. now owns 334,988 shares of the company’s stock worth $7,527,000 after purchasing an additional 85,052 shares in the last quarter. Private Advisor Group LLC increased 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 buying an additional 985 shares during the last quarter. Raymond James & Associates raised its stake in First Trust BuyWrite Income ETF by 3.1% during the third quarter. Raymond James & Associates now owns 518,793 shares of the company’s stock valued at $11,943,000 after buying an additional 15,757 shares in the last quarter. Finally, Atria Investments Inc bought a new position in First Trust BuyWrite Income ETF during the 3rd quarter worth approximately $256,000.

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.