First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Reaches New 52-Week High – Here’s Why

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQIGet Free Report)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $21.57 and last traded at $21.49, with a volume of 293313 shares traded. The stock had previously closed at $21.35.

First Trust NASDAQ BuyWrite Income ETF Trading Up 0.7%

The company has a market cap of $814.47 million, a P/E ratio of 32.31 and a beta of 0.63. The stock’s 50 day moving average is $20.54 and its 200-day moving average is $20.71.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, April 30th. Shareholders of record on Tuesday, April 21st were paid a dividend of $0.199 per share. The ex-dividend date was Tuesday, April 21st.

Hedge Funds Weigh In On First Trust NASDAQ BuyWrite Income ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Trueblood Wealth Management LLC lifted its stake in First Trust NASDAQ BuyWrite Income ETF by 194.3% during the 4th quarter. Trueblood Wealth Management LLC now owns 42,652 shares of the company’s stock valued at $888,000 after acquiring an additional 28,158 shares during the period. TrueMark Investments LLC bought a new position in First Trust NASDAQ BuyWrite Income ETF during the 4th quarter valued at about $1,188,000. Brookstone Capital Management bought a new position in First Trust NASDAQ BuyWrite Income ETF during the 4th quarter valued at about $593,000. Sigma Planning Corp lifted its stake in First Trust NASDAQ BuyWrite Income ETF by 128.2% during the 4th quarter. Sigma Planning Corp now owns 58,097 shares of the company’s stock valued at $1,209,000 after acquiring an additional 32,637 shares during the period. Finally, PMG Family Office LLC bought a new position in First Trust NASDAQ BuyWrite Income ETF during the 3rd quarter valued at about $551,000.

About First Trust NASDAQ BuyWrite Income ETF

(Get Free Report)

The First Trust Nasdaq BuyWrite Income ETF (FTQI) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed portfolio of US stocks, with an options overlay of short calls on the Nasdaq 100. FTQI was launched on Jan 6, 2014 and is managed by First Trust.

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