Independent Wealth Network Inc. Has $552,000 Position in First Trust BuyWrite Income ETF (NASDAQ:FTHI)

Independent Wealth Network Inc. increased its holdings in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 7.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,702 shares of the company’s stock after purchasing an additional 1,545 shares during the period. Independent Wealth Network Inc.’s holdings in First Trust BuyWrite Income ETF were worth $552,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sanctuary Advisors LLC bought a new stake in First Trust BuyWrite Income ETF in the 3rd quarter valued at approximately $403,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of First Trust BuyWrite Income ETF during the 4th quarter worth approximately $51,000. Envestnet Asset Management Inc. increased its holdings in shares of First Trust BuyWrite Income ETF by 34.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 334,988 shares of the company’s stock worth $7,527,000 after acquiring an additional 85,052 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of First Trust BuyWrite Income ETF by 138,919.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 182,116 shares of the company’s stock worth $4,192,000 after acquiring an additional 181,985 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of First Trust BuyWrite Income ETF by 3.6% during the 3rd quarter. Private Advisor Group LLC now owns 28,654 shares of the company’s stock worth $660,000 after acquiring an additional 985 shares during the last quarter.

First Trust BuyWrite Income ETF Price Performance

Shares of NASDAQ FTHI opened at $23.56 on Thursday. The stock’s fifty day moving average price is $23.59 and its two-hundred day moving average price is $23.09. First Trust BuyWrite Income ETF has a one year low of $20.96 and a one year high of $24.09. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 18.59 and a beta of 0.72.

First Trust BuyWrite Income ETF Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Wednesday, January 22nd will be paid a $0.174 dividend. The ex-dividend date of this dividend is Wednesday, January 22nd. This is a positive change from First Trust BuyWrite Income ETF’s previous dividend of $0.17.

About First Trust BuyWrite Income ETF

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.