First Trust NASDAQ BuyWrite Income ETF to Issue Monthly Dividend of $0.22 (NASDAQ:FTQI)

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) declared a monthly dividend on Wednesday, September 23rd. Investors of record on Thursday, September 24th will be paid a dividend of 0.222 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date is Thursday, September 24th.

First Trust NASDAQ BuyWrite Income ETF Stock Down 1.1%

FTQI traded down $0.24 during trading on Thursday, hitting $22.21. 92,900 shares of the company traded hands, compared to its average volume of 317,586. The firm has a market cap of $967.25 million, a P/E ratio of 32.31 and a beta of 0.63. The stock’s fifty day moving average is $22.04 and its 200 day moving average is $21.54. First Trust NASDAQ BuyWrite Income ETF has a one year low of $19.23 and a one year high of $22.55.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

Large investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 37.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 234,852 shares of the company’s stock worth $5,188,000 after purchasing an additional 64,213 shares during the period. Integrated Wealth Concepts LLC increased its position in First Trust NASDAQ BuyWrite Income ETF by 5.2% in the second quarter. Integrated Wealth Concepts LLC now owns 683,933 shares of the company’s stock worth $15,108,000 after buying an additional 33,575 shares during the last quarter. RFG Advisory LLC raised its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 20.6% in the second quarter. RFG Advisory LLC now owns 146,406 shares of the company’s stock valued at $3,234,000 after buying an additional 24,983 shares during the period. NewEdge Advisors LLC lifted its position in shares of First Trust NASDAQ BuyWrite Income ETF by 17.1% during the 2nd quarter. NewEdge Advisors LLC now owns 68,108 shares of the company’s stock valued at $1,505,000 after buying an additional 9,936 shares during the last quarter. Finally, Ameritas Advisory Services LLC lifted its position in shares of First Trust NASDAQ BuyWrite Income ETF by 784.5% during the 2nd quarter. Ameritas Advisory Services LLC now owns 221,703 shares of the company’s stock valued at $4,897,000 after buying an additional 196,637 shares during the last quarter.

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.