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

Shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) saw unusually-high trading volume on Tuesday . Approximately 368,928 shares were traded during mid-day trading, an increase of 36% from the previous session’s volume of 272,261 shares.The stock last traded at $22.59 and had previously closed at $22.54.

First Trust BuyWrite Income ETF Price Performance

The stock has a market cap of $1.10 billion, a PE ratio of 24.09 and a beta of 0.72. The company has a 50 day moving average price of $23.06 and a two-hundred day moving average price of $23.25.

First Trust BuyWrite Income ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 21st were given a $0.174 dividend. The ex-dividend date of this dividend was Friday, February 21st.

Institutional Trading of First Trust BuyWrite Income ETF

Institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. lifted its position in First Trust BuyWrite Income ETF by 3.5% during the third quarter. D.A. Davidson & CO. now owns 102,876 shares of the company’s stock valued at $2,368,000 after purchasing an additional 3,485 shares during the period. CreativeOne Wealth LLC bought a new position in shares of First Trust BuyWrite Income ETF during the 3rd quarter valued at approximately $5,665,000. Rockefeller Capital Management L.P. purchased a new stake in First Trust BuyWrite Income ETF in the 3rd quarter worth approximately $2,779,000. Arete Wealth Advisors LLC raised its stake in First Trust BuyWrite Income ETF by 15.2% during the 3rd quarter. Arete Wealth Advisors LLC now owns 10,341 shares of the company’s stock worth $237,000 after acquiring an additional 1,361 shares during the period. Finally, Benjamin Edwards Inc. lifted its holdings in First Trust BuyWrite Income ETF by 550.4% during the third quarter. Benjamin Edwards Inc. now owns 34,790 shares of the company’s stock valued at $801,000 after purchasing an additional 29,441 shares in the last quarter.

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.