First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Plans $0.22 Monthly Dividend

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) declared a monthly dividend on Wednesday, September 23rd. Stockholders 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 Trading Down 1.0%

FTQI stock traded down $0.23 during trading on Thursday, hitting $22.22. The company had a trading volume of 81,734 shares, compared to its average volume of 317,529. The firm has a market capitalization of $967.68 million, a price-to-earnings ratio of 32.31 and a beta of 0.63. The business has a 50 day moving average of $22.04 and a 200 day moving average of $21.54. First Trust NASDAQ BuyWrite Income ETF has a fifty-two week low of $19.23 and a fifty-two week high of $22.55.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

A number of institutional investors have recently added to or reduced their stakes in the company. Fifth Third Bancorp acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the first quarter valued at $134,000. IMG Wealth Management Inc. lifted its holdings in First Trust NASDAQ BuyWrite Income ETF by 16.2% in the 1st quarter. IMG Wealth Management Inc. now owns 10,806 shares of the company’s stock valued at $215,000 after acquiring an additional 1,507 shares during the last quarter. NWF Advisory Services Inc. boosted its position in shares of First Trust NASDAQ BuyWrite Income ETF by 11.1% during the 4th quarter. NWF Advisory Services Inc. now owns 11,000 shares of the company’s stock valued at $229,000 after purchasing an additional 1,100 shares in the last quarter. TrueWealth Advisors LLC bought a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the 2nd quarter valued at about $267,000. Finally, PCG Wealth Advisors LLC acquired a new position in shares of First Trust NASDAQ BuyWrite Income ETF in the 2nd quarter worth approximately $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.