First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Shares Break Below 200-Day Moving Average – Here’s What Happened

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) shares crossed below its two hundred day moving average during trading on Friday. The stock has a two hundred day moving average of $21.49 and traded as low as $21.10. First Trust NASDAQ BuyWrite Income ETF shares last traded at $21.30, with a volume of 756,713 shares traded.

First Trust NASDAQ BuyWrite Income ETF Price Performance

The firm has a market cap of $985.12 million, a P/E ratio of 26.41 and a beta of 0.67. The business’s 50-day moving average is $21.97 and its two-hundred day moving average is $21.49.

First Trust NASDAQ BuyWrite Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, October 30th. Shareholders of record on Wednesday, October 21st were given a dividend of $0.2210 per share. This is a drop from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.2220. The ex-dividend date of this dividend was Wednesday, October 21st. This represents a $2.65 annualized dividend and a yield of 12.5%.

Hedge Funds Weigh In On First Trust NASDAQ BuyWrite Income ETF

A number of large investors have recently modified their holdings of FTQI. Steward Partners Investment Advisory LLC grew its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 16.8% in the 3rd quarter. Steward Partners Investment Advisory LLC now owns 6,651 shares of the company’s stock valued at $147,000 after acquiring an additional 955 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in First Trust NASDAQ BuyWrite Income ETF during the third quarter worth about $466,000. First Trust Advisors LP bought a new stake in First Trust NASDAQ BuyWrite Income ETF during the third quarter worth about $2,556,000. Private Advisor Group LLC raised its holdings in First Trust NASDAQ BuyWrite Income ETF by 3.5% during the third quarter. Private Advisor Group LLC now owns 159,530 shares of the company’s stock worth $3,535,000 after acquiring an additional 5,431 shares in the last quarter. Finally, PCG Wealth Advisors LLC boosted its position in First Trust NASDAQ BuyWrite Income ETF by 5.0% during the third quarter. PCG Wealth Advisors LLC now owns 14,370 shares of the company’s stock valued at $318,000 after purchasing an additional 680 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.