First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sees Large Volume Increase – Time to Buy?

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) shares saw unusually-strong trading volume on Thursday . Approximately 804,722 shares changed hands during trading, an increase of 168% from the previous session’s volume of 300,469 shares.The stock last traded at $21.93 and had previously closed at $22.03.

First Trust NASDAQ BuyWrite Income ETF Price Performance

The firm has a market cap of $924.88 million, a price-to-earnings ratio of 32.31 and a beta of 0.63. The stock has a 50-day moving average of $22.04 and a 200-day moving average of $21.43.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were paid a $0.222 dividend. The ex-dividend date was Friday, August 21st. This represents a c) annualized dividend and a dividend yield of 12.1%.

Institutional Trading of First Trust NASDAQ BuyWrite Income ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC grew its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 141.0% during the first quarter. Kestra Advisory Services LLC now owns 68,795 shares of the company’s stock worth $1,370,000 after buying an additional 40,254 shares during the last quarter. World Investment Advisors lifted its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 104.9% in the 4th quarter. World Investment Advisors now owns 46,906 shares of the company’s stock valued at $977,000 after acquiring an additional 24,013 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 38.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 199,613 shares of the company’s stock valued at $3,976,000 after acquiring an additional 55,891 shares during the last quarter. RFG Advisory LLC lifted its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 62.5% in the 1st quarter. RFG Advisory LLC now owns 121,423 shares of the company’s stock valued at $2,419,000 after acquiring an additional 46,696 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 16.7% during the 1st quarter. Cetera Investment Advisers now owns 364,351 shares of the company’s stock valued at $7,258,000 after acquiring an additional 52,045 shares in the last quarter.

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.