Wedbush Securities Inc. purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI – Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 38,614 shares of the company’s stock, valued at approximately $856,000.
Several other hedge funds have also made changes to their positions in the stock. Brookstone Capital Management boosted its position in First Trust NASDAQ BuyWrite Income ETF by 24.9% during the 3rd quarter. Brookstone Capital Management now owns 56,493 shares of the company’s stock valued at $1,252,000 after purchasing an additional 11,263 shares during the period. SBI Securities Co. Ltd. grew its stake in First Trust NASDAQ BuyWrite Income ETF by 183.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 1,334 shares of the company’s stock worth $30,000 after buying an additional 863 shares during the last quarter. Arwa LLC bought a new position in First Trust NASDAQ BuyWrite Income ETF during the 3rd quarter worth $816,000. Fifth Third Securities Inc. increased its position in First Trust NASDAQ BuyWrite Income ETF by 13.1% in the third quarter. Fifth Third Securities Inc. now owns 633,197 shares of the company’s stock worth $14,032,000 after buying an additional 73,297 shares during the period. Finally, Sowell Financial Services LLC increased its position in First Trust NASDAQ BuyWrite Income ETF by 0.7% in the third quarter. Sowell Financial Services LLC now owns 154,761 shares of the company’s stock worth $3,430,000 after buying an additional 1,113 shares during the period.
First Trust NASDAQ BuyWrite Income ETF Stock Performance
FTQI stock opened at $21.92 on Tuesday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 32.31 and a beta of 0.65. First Trust NASDAQ BuyWrite Income ETF has a 1 year low of $19.23 and a 1 year high of $22.55. The stock’s fifty day moving average is $22.15 and its two-hundred day moving average is $21.45.
First Trust NASDAQ BuyWrite Income ETF Cuts Dividend
The company also recently declared a monthly dividend, which will be paid on Friday, October 30th. Stockholders of record on Wednesday, October 21st will be given a dividend of $0.2210 per share. This is a decrease from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.2220. This represents a $2.65 annualized dividend and a dividend yield of 12.1%. The ex-dividend date is Wednesday, October 21st.
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.
See Also
- Five stocks we like better than First Trust NASDAQ BuyWrite Income ETF
- Comfort Systems Earnings: AI Slowdown or More Growth Ahead?
- Bristol Myers Squibb’s Cancer Breakthrough Could Have Implications Beyond Its Own Stock
- 5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps
- Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
Want to see what other hedge funds are holding FTQI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI – Free Report).
Receive News & Ratings for First Trust NASDAQ BuyWrite Income ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust NASDAQ BuyWrite Income ETF and related companies with MarketBeat.com's FREE daily email newsletter.
