Gateway Wealth Partners LLC Increases Stake in First Trust NASDAQ BuyWrite Income ETF $FTQI

Gateway Wealth Partners LLC grew its holdings in shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) by 346.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 54,486 shares of the company’s stock after purchasing an additional 42,280 shares during the quarter. Gateway Wealth Partners LLC owned approximately 0.14% of First Trust NASDAQ BuyWrite Income ETF worth $1,085,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Ankerstar Wealth LLC purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the fourth quarter worth about $33,000. Sound Income Strategies LLC lifted its stake in First Trust NASDAQ BuyWrite Income ETF by 971.5% in the 4th quarter. Sound Income Strategies LLC now owns 2,143 shares of the company’s stock worth $45,000 after purchasing an additional 1,943 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the 1st quarter worth approximately $134,000. Advisory Services Network LLC purchased a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the third quarter valued at approximately $143,000. Finally, 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 in the last quarter.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

NASDAQ:FTQI opened at $21.23 on Thursday. First Trust NASDAQ BuyWrite Income ETF has a one year low of $19.23 and a one year high of $22.37. The stock has a market cap of $889.54 million, a PE ratio of 32.31 and a beta of 0.63. The stock has a 50 day moving average price of $21.92 and a 200 day moving average price of $21.15.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be paid a $0.222 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a c) dividend on an annualized basis and a dividend yield of 12.5%.

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.