First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sets New 12-Month High – Here’s What Happened

Shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) hit a new 52-week high during trading on Monday . The stock traded as high as $22.46 and last traded at $22.46, with a volume of 150910 shares. The stock had previously closed at $22.30.

First Trust NASDAQ BuyWrite Income ETF Trading Up 0.7%

The firm has a market cap of $939.95 million, a price-to-earnings ratio of 32.31 and a beta of 0.63. The stock’s 50 day moving average is $22.03 and its 200 day moving average is $21.50.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were given a $0.222 dividend. The ex-dividend date of this dividend was Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 11.9%.

Institutional Trading of First Trust NASDAQ BuyWrite Income ETF

Institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the first quarter worth $134,000. IMG Wealth Management Inc. increased its position in First Trust NASDAQ BuyWrite Income ETF by 16.2% during the first quarter. IMG Wealth Management Inc. now owns 10,806 shares of the company’s stock worth $215,000 after acquiring an additional 1,507 shares during the period. NWF Advisory Services Inc. increased its position in First Trust NASDAQ BuyWrite Income ETF by 11.1% during the fourth quarter. NWF Advisory Services Inc. now owns 11,000 shares of the company’s stock worth $229,000 after acquiring an additional 1,100 shares during the period. TrueWealth Advisors LLC acquired a new stake in First Trust NASDAQ BuyWrite Income ETF in the 2nd quarter worth about $267,000. Finally, PCG Wealth Advisors LLC bought a new stake in First Trust NASDAQ BuyWrite Income ETF in the 2nd quarter valued at about $302,000.

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.