TrueMark Investments LLC Invests $1.19 Million in First Trust NASDAQ BuyWrite Income ETF $FTQI

TrueMark Investments LLC acquired a new stake in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 57,073 shares of the company’s stock, valued at approximately $1,188,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Advisory Services Network LLC purchased a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the third quarter valued at about $143,000. Sunbelt Securities Inc. grew its position 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 valued at $155,000 after purchasing an additional 5,512 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the 2nd quarter worth approximately $178,000. NWF Advisory Services Inc. purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the 3rd quarter worth approximately $204,000. Finally, Ausdal Financial Partners Inc. acquired a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the 2nd quarter worth approximately $209,000.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

FTQI stock opened at $19.50 on Monday. First Trust NASDAQ BuyWrite Income ETF has a 1 year low of $16.25 and a 1 year high of $21.15. The stock’s 50 day moving average price is $20.51 and its 200 day moving average price is $20.69. The firm has a market cap of $733.20 million, a P/E ratio of 32.31 and a beta of 0.59.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be given a $0.207 dividend. This represents a c) annualized dividend and a dividend yield of 12.7%. The ex-dividend date is Thursday, March 26th.

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.