First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sets New 12-Month High – Time to Buy?

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) reached a new 52-week high during trading on Wednesday . The stock traded as high as $22.36 and last traded at $22.29, with a volume of 253931 shares traded. The stock had previously closed at $22.19.

First Trust NASDAQ BuyWrite Income ETF Trading Up 0.5%

The firm has a market cap of $937.29 million, a P/E ratio of 32.31 and a beta of 0.63. The company’s 50 day simple moving average is $21.85 and its 200-day simple moving average is $21.08.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.199 per share. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTQI. Key Client Fiduciary Advisors LLC boosted its position in shares of First Trust NASDAQ BuyWrite Income ETF by 11.1% in the second quarter. Key Client Fiduciary Advisors LLC now owns 19,170 shares of the company’s stock worth $423,000 after purchasing an additional 1,919 shares during the period. Tactive Advisors LLC boosted its position in shares of First Trust NASDAQ BuyWrite Income ETF by 3.8% during the second quarter. Tactive Advisors LLC now owns 26,055 shares of the company’s stock worth $576,000 after acquiring an additional 961 shares during the last quarter. TrueWealth Advisors LLC bought a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the second quarter worth $267,000. Western Wealth Management LLC increased its holdings in First Trust NASDAQ BuyWrite Income ETF by 5.7% in the 1st quarter. Western Wealth Management LLC now owns 14,183 shares of the company’s stock valued at $283,000 after acquiring an additional 771 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in First Trust NASDAQ BuyWrite Income ETF by 10.2% in the 1st quarter. NewEdge Advisors LLC now owns 58,172 shares of the company’s stock valued at $1,159,000 after acquiring an additional 5,368 shares during the last quarter.

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.