First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Reaches New 1-Year High – Time to Buy?

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) shares hit a new 52-week high on Wednesday . The company traded as high as $21.83 and last traded at $21.83, with a volume of 19290 shares trading hands. The stock had previously closed at $21.79.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

The company has a market cap of $831.15 million, a price-to-earnings ratio of 32.31 and a beta of 0.63. The stock’s fifty day simple moving average is $20.94 and its two-hundred day simple moving average is $20.80.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 29th. Investors of record on Thursday, May 21st will be issued a dividend of $0.199 per share. The ex-dividend date is Thursday, May 21st.

Hedge Funds Weigh In On First Trust NASDAQ BuyWrite Income ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC lifted its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 10.7% during the 4th quarter. LPL Financial LLC now owns 3,185,721 shares of the company’s stock valued at $66,327,000 after acquiring an additional 307,710 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 26.2% during the 4th quarter. Wells Fargo & Company MN now owns 2,011,400 shares of the company’s stock valued at $41,877,000 after acquiring an additional 417,518 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 3.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 1,137,323 shares of the company’s stock valued at $23,679,000 after acquiring an additional 34,266 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 6.4% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 679,915 shares of the company’s stock valued at $14,006,000 after acquiring an additional 40,745 shares in the last quarter. Finally, Spartan Wealth Advisory Services LLC acquired a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the 1st quarter valued at $10,234,000.

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.