Capital Investment Advisory Services LLC Buys 7,274 Shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)

Capital Investment Advisory Services LLC increased its stake in shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) by 64.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,584 shares of the company’s stock after buying an additional 7,274 shares during the quarter. Capital Investment Advisory Services LLC owned 0.24% of First Trust NASDAQ BuyWrite Income ETF worth $368,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. LPL Financial LLC grew its stake in First Trust NASDAQ BuyWrite Income ETF by 104.1% in the 3rd quarter. LPL Financial LLC now owns 686,998 shares of the company’s stock valued at $12,964,000 after purchasing an additional 350,395 shares during the period. Harbour Investments Inc. grew its stake in First Trust NASDAQ BuyWrite Income ETF by 25.9% in the 3rd quarter. Harbour Investments Inc. now owns 233,262 shares of the company’s stock valued at $4,402,000 after purchasing an additional 47,968 shares during the period. Elevated Capital Advisors LLC grew its stake in 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. Owen LaRue LLC grew its stake in First Trust NASDAQ BuyWrite Income ETF by 49.6% in 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 during the period. Finally, CWM LLC grew its stake in First Trust NASDAQ BuyWrite Income ETF by 124.9% in the 4th quarter. CWM LLC now owns 22,724 shares of the company’s stock valued at $450,000 after purchasing an additional 12,618 shares during the period.

First Trust NASDAQ BuyWrite Income ETF Price Performance

Shares of NASDAQ:FTQI opened at $19.80 on Wednesday. The company has a market capitalization of $273.24 million, a PE ratio of 28.18 and a beta of 0.52. The business has a fifty day moving average price of $20.35 and a two-hundred day moving average price of $19.86. First Trust NASDAQ BuyWrite Income ETF has a 1 year low of $18.15 and a 1 year high of $20.85.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Wednesday, April 24th will be paid a dividend of $0.204 per share. This is an increase from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20. The ex-dividend date is Tuesday, April 23rd. This represents a $2.45 annualized dividend and a dividend yield of 12.36%.

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.