Mach 1 Financial Group LLC Trims Stake in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)

Mach 1 Financial Group LLC lessened its holdings in shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) by 8.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,555 shares of the company’s stock after selling 1,463 shares during the period. Mach 1 Financial Group LLC’s holdings in First Trust NASDAQ BuyWrite Income ETF were worth $328,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. LPL Financial LLC boosted its holdings in First Trust NASDAQ BuyWrite Income ETF by 104.1% during the 3rd quarter. LPL Financial LLC now owns 686,998 shares of the company’s stock valued at $12,964,000 after acquiring an additional 350,395 shares during the period. Significant Wealth Partners LLC purchased a new stake in First Trust NASDAQ BuyWrite Income ETF in the fourth quarter worth $2,104,000. Harbour Investments Inc. lifted its position in shares of First Trust NASDAQ BuyWrite Income ETF by 25.9% during the third quarter. Harbour Investments Inc. now owns 233,262 shares of the company’s stock worth $4,402,000 after purchasing an additional 47,968 shares during the last quarter. Truist Financial Corp purchased a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the fourth quarter valued at $435,000. Finally, Channel Wealth LLC bought a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the fourth quarter worth about $364,000.

First Trust NASDAQ BuyWrite Income ETF Price Performance

FTQI stock opened at $19.74 on Thursday. First Trust NASDAQ BuyWrite Income ETF has a 12 month low of $18.15 and a 12 month high of $20.85. The firm’s 50-day moving average is $20.31 and its 200 day moving average is $19.89. The company has a market capitalization of $276.36 million, a PE ratio of 28.18 and a beta of 0.52.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, April 30th. Investors of record on Wednesday, April 24th were paid a $0.204 dividend. The ex-dividend date of this dividend was Tuesday, April 23rd. This is a positive change from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20. This represents a $2.45 dividend on an annualized basis and a yield of 12.40%.

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.