First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sees Unusually-High Trading Volume – What’s Next?

Shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) saw an uptick in trading volume on Wednesday. 781,231 shares changed hands during mid-day trading, an increase of 144% from the previous session’s volume of 320,148 shares. The stock last traded at $22.27 and had previously closed at $22.35.

First Trust NASDAQ BuyWrite Income ETF Price Performance

The company’s fifty day moving average price is $22.10 and its 200 day moving average price is $21.66. The company has a market cap of $1.01 billion, a PE ratio of 32.31 and a beta of 0.65.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a $0.2220 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date was Thursday, September 24th.

Institutional Trading of First Trust NASDAQ BuyWrite Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC raised its stake in First Trust NASDAQ BuyWrite Income ETF by 141.0% in the 1st quarter. Kestra Advisory Services LLC now owns 68,795 shares of the company’s stock valued at $1,370,000 after acquiring an additional 40,254 shares during the period. RFG Advisory LLC boosted its position in First Trust NASDAQ BuyWrite Income ETF by 62.5% during the first quarter. RFG Advisory LLC now owns 121,423 shares of the company’s stock worth $2,419,000 after purchasing an additional 46,696 shares during the period. World Investment Advisors increased its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 104.9% in the fourth quarter. World Investment Advisors now owns 46,906 shares of the company’s stock worth $977,000 after purchasing an additional 24,013 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 38.9% in the first quarter. Janney Montgomery Scott LLC now owns 199,613 shares of the company’s stock worth $3,976,000 after purchasing an additional 55,891 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of First Trust NASDAQ BuyWrite Income ETF by 37.6% in the second quarter. Envestnet Asset Management Inc. now owns 234,852 shares of the company’s stock valued at $5,188,000 after purchasing an additional 64,213 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.