First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Hits New 52-Week High – Should You Buy?

Shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $22.46 and last traded at $22.46, with a volume of 150910 shares trading hands. The stock had previously closed at $22.30.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

The company has a fifty day simple moving average of $22.03 and a two-hundred day simple moving average of $21.50. The stock has a market capitalization of $939.95 million, a price-to-earnings ratio of 32.31 and a beta of 0.63.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 21st were paid a $0.222 dividend. This represents a c) dividend on an annualized basis and a yield of 11.9%. The ex-dividend date of this dividend was Friday, August 21st.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

Large investors have recently bought and sold shares of the company. Integrated Wealth Concepts LLC raised its position in shares of First Trust NASDAQ BuyWrite Income ETF by 5.2% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 683,933 shares of the company’s stock valued at $15,108,000 after buying an additional 33,575 shares in the last quarter. RFG Advisory LLC increased its stake in 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 acquiring an additional 24,983 shares during the last quarter. NewEdge Advisors LLC raised its position in First Trust NASDAQ BuyWrite Income ETF by 17.1% during the second quarter. NewEdge Advisors LLC now owns 68,108 shares of the company’s stock valued at $1,505,000 after purchasing an additional 9,936 shares in the last quarter. Ameritas Advisory Services LLC raised its position in First Trust NASDAQ BuyWrite Income ETF by 784.5% during the second quarter. Ameritas Advisory Services LLC now owns 221,703 shares of the company’s stock valued at $4,897,000 after purchasing an additional 196,637 shares in the last quarter. Finally, PCG Wealth Advisors LLC bought a new stake in First Trust NASDAQ BuyWrite Income ETF during the second quarter worth $302,000.

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.