First Trust BuyWrite Income ETF (NASDAQ:FTHI) Reaches New 1-Year Low – Time to Sell?

First Trust BuyWrite Income ETF (NASDAQ:FTHI) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $20.42 and last traded at $20.48, with a volume of 71784 shares traded. The stock had previously closed at $21.18.

First Trust BuyWrite Income ETF Trading Down 5.6 %

The company’s 50 day simple moving average is $22.78 and its 200 day simple moving average is $23.19. The stock has a market capitalization 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. Stockholders of record on Thursday, March 27th were given a $0.174 dividend. The ex-dividend date was Thursday, March 27th.

Institutional Trading of First Trust BuyWrite Income ETF

Hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. acquired a new position in shares of First Trust BuyWrite Income ETF during the 4th quarter valued at about $28,000. Wilmington Savings Fund Society FSB purchased a new stake in First Trust BuyWrite Income ETF in the third quarter valued at approximately $50,000. Kestra Investment Management LLC acquired a new position in First Trust BuyWrite Income ETF during the fourth quarter worth approximately $50,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in First Trust BuyWrite Income ETF during the fourth quarter worth approximately $51,000. Finally, IMG Wealth Management Inc. acquired a new position in shares of First Trust BuyWrite Income ETF in the 4th quarter valued at $61,000.

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.