Sigma Planning Corp Acquires 68,919 Shares of First Trust NASDAQ BuyWrite Income ETF $FTQI

Sigma Planning Corp acquired a new position in shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 68,919 shares of the company’s stock, valued at approximately $1,527,000.

Several other institutional investors have also recently made changes to their positions in the company. Western Wealth Management LLC raised its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 5.7% in the first quarter. Western Wealth Management LLC now owns 14,183 shares of the company’s stock valued at $283,000 after purchasing an additional 771 shares during the last quarter. World Investment Advisors boosted its holdings in First Trust NASDAQ BuyWrite Income ETF by 1.8% during the first quarter. World Investment Advisors now owns 47,755 shares of the company’s stock worth $951,000 after purchasing an additional 849 shares during the last quarter. SBI Securities Co. Ltd. grew its position in First Trust NASDAQ BuyWrite Income ETF by 183.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 1,334 shares of the company’s stock worth $30,000 after purchasing an additional 863 shares in the last quarter. IFP Advisors Inc grew its position in First Trust NASDAQ BuyWrite Income ETF by 3.6% in the 3rd quarter. IFP Advisors Inc now owns 26,842 shares of the company’s stock worth $595,000 after purchasing an additional 927 shares in the last quarter. Finally, Tactive Advisors LLC grew its position in First Trust NASDAQ BuyWrite Income ETF by 3.8% in the 2nd quarter. Tactive Advisors LLC now owns 26,055 shares of the company’s stock worth $576,000 after purchasing an additional 961 shares in the last quarter.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

NASDAQ:FTQI opened at $22.16 on Thursday. First Trust NASDAQ BuyWrite Income ETF has a 52 week low of $19.23 and a 52 week high of $22.55. The firm has a 50-day moving average price of $22.13 and a two-hundred day moving average price of $21.46. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 32.31 and a beta of 0.65.

First Trust NASDAQ BuyWrite Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, October 30th. Investors of record on Wednesday, October 21st will be given a dividend of $0.2210 per share. The ex-dividend date of this dividend is Wednesday, October 21st. This is a negative change from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.2220. This represents a $2.65 dividend on an annualized basis and a dividend yield of 12.0%.

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.