First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Reaches New 12-Month High – Still a Buy?

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $22.36 and last traded at $22.29, with a volume of 253931 shares. The stock had previously closed at $22.19.

First Trust NASDAQ BuyWrite Income ETF Trading Down 0.7%

The stock has a 50-day simple moving average of $21.88 and a 200 day simple moving average of $21.10. The stock has a market capitalization of $931.41 million, a price-to-earnings ratio of 32.31 and a beta of 0.63.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.199 dividend. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ankerstar Wealth LLC acquired a new position in First Trust NASDAQ BuyWrite Income ETF in the 4th quarter valued at approximately $33,000. Sound Income Strategies LLC boosted its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 971.5% during the 4th quarter. Sound Income Strategies LLC now owns 2,143 shares of the company’s stock valued at $45,000 after buying an additional 1,943 shares during the period. Fifth Third Bancorp purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the 1st quarter valued at $134,000. Advisory Services Network LLC purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the 3rd quarter valued at $143,000. Finally, Sunbelt Securities Inc. increased its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 275.6% in the third quarter. Sunbelt Securities Inc. now owns 7,512 shares of the company’s stock worth $155,000 after acquiring an additional 5,512 shares during 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.