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

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $22.23 and last traded at $22.11, with a volume of 35981 shares. The stock had previously closed at $21.93.

First Trust NASDAQ BuyWrite Income ETF Price Performance

The stock’s 50-day moving average is $21.34 and its 200 day moving average is $20.89. The stock has a market cap of $836.83 million, a price-to-earnings ratio of 32.31 and a beta of 0.63.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, May 29th. Stockholders of record on Thursday, May 21st were issued a $0.199 dividend. The ex-dividend date of this dividend was Thursday, May 21st.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

Institutional investors have recently made changes to their positions in the stock. Spartan Wealth Advisory Services LLC purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the 1st quarter valued at about $10,234,000. Wells Fargo & Company MN increased its stake in First Trust NASDAQ BuyWrite Income ETF by 26.2% in the 4th quarter. Wells Fargo & Company MN now owns 2,011,400 shares of the company’s stock valued at $41,877,000 after purchasing an additional 417,518 shares in the last quarter. LPL Financial LLC increased its stake in First Trust NASDAQ BuyWrite Income ETF by 10.7% in the 4th quarter. LPL Financial LLC now owns 3,185,721 shares of the company’s stock valued at $66,327,000 after purchasing an additional 307,710 shares in the last quarter. Sun Financial Inc acquired a new position in First Trust NASDAQ BuyWrite Income ETF during the fourth quarter worth $5,052,000. Finally, Janney Montgomery Scott LLC boosted its position in First Trust NASDAQ BuyWrite Income ETF by 97.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 143,722 shares of the company’s stock worth $2,992,000 after purchasing an additional 70,792 shares in the last quarter.

First Trust NASDAQ BuyWrite Income ETF Company Profile

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.