First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sees Strong Trading Volume – Still a Buy?

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) shares saw an uptick in trading volume on Tuesday . 678,752 shares changed hands during mid-day trading, an increase of 154% from the previous session’s volume of 267,466 shares.The stock last traded at $20.19 and had previously closed at $20.31.

First Trust NASDAQ BuyWrite Income ETF Price Performance

The company has a market capitalization of $786.40 million, a price-to-earnings ratio of 32.31 and a beta of 0.60. The business’s 50 day simple moving average is $20.41 and its 200 day simple moving average is $20.66.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.207 dividend. The ex-dividend date was Thursday, March 26th. This represents a c) dividend on an annualized basis and a yield of 12.3%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Ankerstar Wealth LLC acquired a new position in First Trust NASDAQ BuyWrite Income ETF in the fourth quarter valued at $33,000. Sound Income Strategies LLC increased its stake in First Trust NASDAQ BuyWrite Income ETF by 971.5% in the fourth quarter. Sound Income Strategies LLC now owns 2,143 shares of the company’s stock valued at $45,000 after purchasing an additional 1,943 shares during the period. Advisory Services Network LLC acquired a new position in First Trust NASDAQ BuyWrite Income ETF in the third quarter valued at $143,000. Sunbelt Securities Inc. increased its stake in 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 period. Finally, Bank of America Corp DE acquired a new position in First Trust NASDAQ BuyWrite Income ETF in the second quarter valued at $178,000.

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.