First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Announces $0.22 Monthly Dividend

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) declared a monthly dividend on Wednesday, September 23rd. Stockholders of record on Thursday, September 24th will be given a dividend of 0.222 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 12.0%. The ex-dividend date of this dividend is Thursday, September 24th.

First Trust NASDAQ BuyWrite Income ETF Trading Down 1.0%

NASDAQ FTQI traded down $0.23 during trading hours on Thursday, reaching $22.22. The company’s stock had a trading volume of 81,734 shares, compared to its average volume of 317,529. The business has a 50-day simple moving average of $22.04 and a 200 day simple moving average of $21.54. First Trust NASDAQ BuyWrite Income ETF has a 52 week low of $19.23 and a 52 week high of $22.55. The stock has a market cap of $967.68 million, a PE ratio of 32.31 and a beta of 0.63.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

Hedge funds have recently added to or reduced their stakes in the stock. Spartan Wealth Advisory Services LLC acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the 1st quarter worth about $10,234,000. Ameritas Advisory Services LLC boosted its stake in First Trust NASDAQ BuyWrite Income ETF by 784.5% during the 2nd quarter. Ameritas Advisory Services LLC now owns 221,703 shares of the company’s stock valued at $4,897,000 after purchasing an additional 196,637 shares during the period. Arax Advisory Partners bought a new position in First Trust NASDAQ BuyWrite Income ETF in the 4th quarter worth about $1,357,000. Envestnet Asset Management Inc. grew its position in First Trust NASDAQ BuyWrite Income ETF by 37.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 234,852 shares of the company’s stock worth $5,188,000 after purchasing an additional 64,213 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 38.9% in the first quarter. Janney Montgomery Scott LLC now owns 199,613 shares of the company’s stock valued at $3,976,000 after purchasing an additional 55,891 shares during the period.

About First Trust NASDAQ BuyWrite Income ETF

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.