First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Hits New 12-Month High – Should You Buy?

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQIGet Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $21.58 and last traded at $21.56, with a volume of 288717 shares changing hands. The stock had previously closed at $21.55.

First Trust NASDAQ BuyWrite Income ETF Stock Up 0.0%

The firm has a market capitalization of $817.12 million, a price-to-earnings ratio of 32.31 and a beta of 0.63. The stock’s 50 day moving average price is $20.63 and its two-hundred day moving average price is $20.73.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Thursday, April 30th. Stockholders of record on Tuesday, April 21st were paid a $0.199 dividend. The ex-dividend date of this dividend was Tuesday, April 21st.

Hedge Funds Weigh In On First Trust NASDAQ BuyWrite Income ETF

A number of hedge funds have recently modified their holdings of FTQI. NewEdge Advisors LLC increased its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 37.6% in the first quarter. NewEdge Advisors LLC now owns 45,146 shares of the company’s stock worth $851,000 after acquiring an additional 12,332 shares during the last quarter. First Trust Advisors LP acquired a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the second quarter worth $314,000. Ausdal Financial Partners Inc. acquired a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the second quarter worth $209,000. Bank of America Corp DE acquired a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the second quarter worth $178,000. Finally, IHT Wealth Management LLC increased its position in First Trust NASDAQ BuyWrite Income ETF by 2.1% during the second quarter. IHT Wealth Management LLC now owns 61,866 shares of the company’s stock worth $1,210,000 after buying an additional 1,295 shares during the last quarter.

About First Trust NASDAQ BuyWrite Income ETF

(Get Free Report)

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.

Further Reading

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