First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Reaches New 52-Week High – Here’s Why

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQIGet Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as $21.57 and last traded at $21.49, with a volume of 293313 shares trading hands. The stock had previously closed at $21.35.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

The stock has a market cap of $814.47 million, a PE ratio of 32.31 and a beta of 0.63. The company’s 50-day moving average price is $20.54 and its 200 day moving average price is $20.71.

First Trust NASDAQ BuyWrite Income ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, April 30th. Investors of record on Tuesday, April 21st were issued a $0.199 dividend. The ex-dividend date of this dividend was Tuesday, April 21st.

Institutional Investors Weigh In On First Trust NASDAQ BuyWrite Income ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its holdings in First Trust NASDAQ BuyWrite Income ETF by 37.6% during the 1st quarter. NewEdge Advisors LLC now owns 45,146 shares of the company’s stock valued at $851,000 after buying an additional 12,332 shares in the last quarter. First Trust Advisors LP purchased a new stake in First Trust NASDAQ BuyWrite Income ETF during the 2nd quarter valued at approximately $314,000. Ausdal Financial Partners Inc. purchased a new stake in First Trust NASDAQ BuyWrite Income ETF during the 2nd quarter valued at approximately $209,000. Bank of America Corp DE purchased a new stake in First Trust NASDAQ BuyWrite Income ETF during the 2nd quarter valued at approximately $178,000. Finally, IHT Wealth Management LLC grew its holdings in First Trust NASDAQ BuyWrite Income ETF by 2.1% during the 2nd quarter. IHT Wealth Management LLC now owns 61,866 shares of the company’s stock valued at $1,210,000 after buying an additional 1,295 shares in the last quarter.

About First Trust NASDAQ BuyWrite Income ETF

(Get Free Report)

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.

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