Avantax Advisory Services Inc. bought a new stake in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI – Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,282 shares of the company’s stock, valued at approximately $263,000. Avantax Advisory Services Inc. owned about 0.16% of First Trust NASDAQ BuyWrite Income ETF at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cape Investment Advisory Inc. acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the third quarter worth $28,000. Elevated Capital Advisors LLC lifted its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 4.5% in the 4th quarter. Elevated Capital Advisors LLC now owns 44,875 shares of the company’s stock valued at $889,000 after purchasing an additional 1,921 shares during the period. Capital Investment Advisory Services LLC lifted its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 64.3% in the 4th quarter. Capital Investment Advisory Services LLC now owns 18,584 shares of the company’s stock valued at $368,000 after purchasing an additional 7,274 shares during the period. Owen LaRue LLC boosted its position in shares of First Trust NASDAQ BuyWrite Income ETF by 49.6% during the 3rd quarter. Owen LaRue LLC now owns 35,163 shares of the company’s stock valued at $664,000 after purchasing an additional 11,658 shares in the last quarter. Finally, CWM LLC grew its stake in First Trust NASDAQ BuyWrite Income ETF by 124.9% during the fourth quarter. CWM LLC now owns 22,724 shares of the company’s stock worth $450,000 after purchasing an additional 12,618 shares during the period.
First Trust NASDAQ BuyWrite Income ETF Stock Performance
Shares of FTQI opened at $20.32 on Friday. The firm has a market cap of $296.67 million, a PE ratio of 29.15 and a beta of 0.52. First Trust NASDAQ BuyWrite Income ETF has a 52-week low of $18.15 and a 52-week high of $20.85. The business’s 50 day moving average price is $20.28 and its two-hundred day moving average price is $20.07.
First Trust NASDAQ BuyWrite Income ETF Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 22nd will be given a dividend of $0.204 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $2.45 dividend on an annualized basis and a dividend yield of 12.05%.
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.
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