First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Hits New 1-Year High – Still a 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 changing hands. The stock had previously closed at $21.79.

First Trust NASDAQ BuyWrite Income ETF Trading Up 0.1%

The company has a market capitalization of $826.98 million, a PE ratio of 32.31 and a beta of 0.63. The firm’s 50-day simple moving average is $20.88 and its 200-day simple moving average is $20.78.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of FTQI. Ankerstar Wealth LLC purchased a new position in First Trust NASDAQ BuyWrite Income ETF during the 4th quarter worth $33,000. Sound Income Strategies LLC lifted its holdings in shares of 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 buying an additional 1,943 shares during the period. Fifth Third Bancorp purchased a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the 1st quarter worth $134,000. Advisory Services Network LLC bought a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the 3rd quarter worth $143,000. Finally, Sunbelt Securities Inc. increased its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 275.6% during the third quarter. Sunbelt Securities Inc. now owns 7,512 shares of the company’s stock valued at $155,000 after buying an additional 5,512 shares during the period.

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.