Sigma Planning Corp Acquires New Position in First Trust NASDAQ BuyWrite Income ETF $FTQI

Sigma Planning Corp acquired a new stake in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 68,919 shares of the company’s stock, valued at approximately $1,527,000. Sigma Planning Corp owned approximately 0.15% of First Trust NASDAQ BuyWrite Income ETF as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of FTQI. Trueblood Wealth Management LLC grew its holdings in First Trust NASDAQ BuyWrite Income ETF by 10.4% in the third quarter. Trueblood Wealth Management LLC now owns 69,626 shares of the company’s stock worth $1,543,000 after purchasing an additional 6,578 shares during the period. Sowell Financial Services LLC raised its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 0.7% during the third quarter. Sowell Financial Services LLC now owns 154,761 shares of the company’s stock valued at $3,430,000 after purchasing an additional 1,113 shares during the period. Wedbush Securities Inc. acquired a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the third quarter valued at about $856,000. Brookstone Capital Management boosted its position in shares of 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 worth $1,252,000 after purchasing an additional 11,263 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its position in shares of 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 purchasing an additional 863 shares in the last quarter.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

FTQI stock opened at $22.16 on Thursday. The stock’s 50 day simple moving average is $22.13 and its 200 day simple moving average is $21.46. The company has a market cap of $1.03 billion, a P/E ratio of 32.31 and a beta of 0.65. First Trust NASDAQ BuyWrite Income ETF has a fifty-two week low of $19.23 and a fifty-two week high of $22.55.

First Trust NASDAQ BuyWrite Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 21st will be issued a $0.2210 dividend. The ex-dividend date is Wednesday, October 21st. This represents a $2.65 dividend on an annualized basis and a dividend yield of 12.0%. This is a drop from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.2220.

First Trust NASDAQ BuyWrite Income ETF 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.