PCG Wealth Advisors LLC Sells 1,573 Shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI)

PCG Wealth Advisors LLC cut its position in shares of First Trust BuyWrite Income ETF (NASDAQ:FTHI) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 146,761 shares of the company’s stock after selling 1,573 shares during the quarter. First Trust BuyWrite Income ETF accounts for about 1.3% of PCG Wealth Advisors LLC’s portfolio, making the stock its 25th biggest holding. PCG Wealth Advisors LLC owned about 0.31% of First Trust BuyWrite Income ETF worth $3,415,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. RFG Advisory LLC grew its holdings in shares of First Trust BuyWrite Income ETF by 8.3% during the fourth quarter. RFG Advisory LLC now owns 35,641 shares of the company’s stock worth $829,000 after buying an additional 2,724 shares in the last quarter. Avior Wealth Management LLC grew its stake in First Trust BuyWrite Income ETF by 9.1% in the fourth quarter. Avior Wealth Management LLC now owns 62,702 shares of the company’s stock valued at $1,459,000 after purchasing an additional 5,217 shares in the last quarter. Independent Wealth Network Inc. grew its stake in First Trust BuyWrite Income ETF by 7.0% in the fourth quarter. Independent Wealth Network Inc. now owns 23,702 shares of the company’s stock valued at $552,000 after purchasing an additional 1,545 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in First Trust BuyWrite Income ETF by 32.5% in the fourth quarter. Janney Montgomery Scott LLC now owns 333,080 shares of the company’s stock valued at $7,751,000 after purchasing an additional 81,775 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC bought a new position in First Trust BuyWrite Income ETF in the fourth quarter valued at approximately $232,000.

First Trust BuyWrite Income ETF Stock Down 0.1 %

FTHI stock opened at $23.60 on Friday. The business has a 50 day moving average price of $23.60 and a two-hundred day moving average price of $23.10. The company 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 has a twelve month low of $20.96 and a twelve month high of $24.09.

First Trust BuyWrite Income ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be paid a $0.174 dividend. This is an increase from First Trust BuyWrite Income ETF’s previous dividend of $0.17. The ex-dividend date is Wednesday, January 22nd.

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.