As of May 28, 2023, Raymond James Financial Services Advisors, Inc. said the firm cut shares of the First Trust Buy Right Income ETF (NASDAQ:FTHI) by 8.2% in the fourth quarter of last year. released a report showing The financial services firm disclosed these findings through its latest 13F filing with the Securities and Exchange Commission.
The firm held a total of 65,203 shares in the First Trust Buy Right Income ETF at the end of Q4 2022, according to data provided by Raymond James Financial Services Advisors. The figure represents a decrease from the previous quarter when it held 70,046 shares. The company sold a total of 5,843 shares during this period.
This institutional holding, which has a low institutional shareholding, is valued at approximately $1.26 million at the end of Q4 2022. Despite this reduction in ownership, Raymond James Financial Services Advisors still holds about 1.06% of the First Trust BuyRight Income ETF.
The decision to reduce its stake may have been influenced by several factors, including market conditions and company-specific issues. As an institutional investor, Raymond James Financial Services Advisors’ move could signal a shift in investment strategy and portfolio management priorities.
The First Trust BuyWrite Income ETF is designed to invest in a diversified portfolio of stocks and write call options on one or more US listed stock indices. These options generate premium income and contribute to the overall fund yield. Despite currently down more than half a percentage point year-to-date, the FTHI remains attractive to investors interested in generating higher yields and managing downside risk.
Overall, it remains unclear why Raymond James Financial Services Advisors Inc. decided to reduce its stake in the First Trust Buy Right Income ETF, but it certainly provides interesting insights into investment behavior across different asset classes. revealing new insights. As always, investors should consult their financial advisors before making any investment decisions or portfolio adjustments.
First Trust BuyWrite Income ETF: Promising Opportunity in Evolving Financial Markets
As financial markets continue to evolve, investors are always on the lookout for bright spots, and the recent move around the First Trust Buy Right Income ETF (FTHI) has caused quite a stir. The firm offers an actively managed portfolio of US publicly traded equities with short calls to the S&P 500. The exchange-traded fund is hugely popular with investors, as evidenced by several hedge funds adding or cutting stakes in the business. .
Commonwealth Equity Services LLC acquired a new position in the First Trust BuyWrite Income ETF for $203,000 during the fourth quarter. Resources Investment Advisors LLC also increased his stake in FTHI by acquiring additional shares during the third quarter. Jannie Montgomery Scott LLC also acquired shares in the First Trust BuyRight Income ETF in the fourth quarter for a value of about $229,000. Finally, Capital Investment Advisory Services LLC increased his FTHI holdings by 42.2% in the fourth quarter.
Since its launch on January 6, 2014, FTHI has continued to excite investors with its potential growth prospects. The company’s shares opened at $20.45 on Friday, giving it a market capitalization of $174.23 million. FTHI has a PER of 16.82 and a beta of 0.72. This clearly shows that it is still attractive to some who prefer low beta stocks.
Before considering investing in this market leader, it is important to understand how accurately this market operates while accurately monitoring relevant metrics such as average moving prices. That said, interested parties should keep an eye on FTHI’s latest stock price performance. It gives us insight into how the market is moving and how well this company is performing as an investment opportunity.
Overall, the First Trust Buy Right Income ETF appears to be gaining momentum and could lead to significant growth opportunities for both retail and institutional investors capitalizing on the stock’s impressive performance in financial markets. . Still, it is important to keep in mind that all investments involve risks and rewards and timing can be everything when trading with FTHI. But as it stands, this actively managed portfolio looks like something worth considering by any investor for its potential high returns.