Sanctuary Advisors LLC Makes Strategic Investment in First Trust BuyWrite Income ETF

On December 27, 2024, it was reported that Sanctuary Advisors LLC has acquired a new position in the First Trust BuyWrite Income ETF (NASDAQ:FTHI). This acquisition occurred during the third quarter of 2024, as detailed in the firm’s recent 13F filing submitted to the Securities and Exchange Commission (SEC).

Sanctuary Advisors LLC purchased 17,009 shares of First Trust BuyWrite Income ETF, with an estimated value of around $403,000. This move indicates a growing interest in ETF investments among institutional investors.

Several other institutional investors and hedge funds have also made changes to their holdings in First Trust BuyWrite Income ETF recently. For instance, Legacy Investment Solutions LLC entered the market by purchasing a new stake valued at approximately $219,000 during the third quarter. Dunhill Financial LLC increased its position in the ETF by 12.5%, now holding 354,438 shares worth about $8,159,000 after acquiring an additional 39,394 shares.

Stifel Financial Corp also expanded its investment, growing its holdings in the ETF by 38.4% and now owning 645,420 shares valued at $14,858,000 after adding 178,982 shares in the last quarter. Another notable investor, IHT Wealth Management LLC, grew its position by 6.8%, owning 93,597 shares worth about $2,155,000 after acquiring 5,952 additional shares. Lastly, Integrated Wealth Concepts LLC increased its holding by 4.2%, now owning 114,520 shares valued at $2,636,000.

Current Performance of First Trust BuyWrite Income ETF

The First Trust BuyWrite Income ETF's stock opened at $23.70 on December 27, 2024. The ETF has a market capitalization of approximately $995.87 million, a price-to-earnings (PE) ratio of 18.59, and a beta of 0.72. It has shown stability within the past year, with a 52-week low of $20.96 and a high of $24.09. The 50-day simple moving average stands at $23.56, while the 200-day simple moving average is at $22.98.

Dividend Announcement

In addition to the acquisition news, First Trust BuyWrite Income ETF recently declared a dividend that is set to be paid on December 31, 2024. Shareholders who were on record as of December 13, 2024, will receive a dividend of $0.172. The ex-dividend date also fell on December 13, allowing for interested investors to be aware of upcoming distribution.

Insight into First Trust BuyWrite Income ETF

The First Trust BuyWrite Income ETF (FTHI) is an exchange-traded fund that operates based on the S&P 500 index. The portfolio is actively managed and consists of U.S.-listed stocks combined with an overlay of short call options on the S&P 500. This ETF was launched on January 6, 2014, and is managed by First Trust.

Conclusion

Overall, the increased activity among institutional investors, especially the recent acquisition by Sanctuary Advisors LLC, highlights the interest in the First Trust BuyWrite Income ETF. With its solid performance and upcoming dividend announcements, it may continue to attract more investments in the future.

investment, ETF, acquisition