Fifth Third Securities Inc. Invests $3.81 Million in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)

Fifth Third Securities Inc. purchased a new position in shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 186,752 shares of the company’s stock, valued at approximately $3,814,000. Fifth Third Securities Inc. owned approximately 1.03% of First Trust NASDAQ BuyWrite Income ETF at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in FTQI. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the first quarter valued at approximately $206,000. Concourse Financial Group Securities Inc. raised its stake in First Trust NASDAQ BuyWrite Income ETF by 17.6% in the first quarter. Concourse Financial Group Securities Inc. now owns 10,659 shares of the company’s stock valued at $219,000 after buying an additional 1,597 shares in the last quarter. Avantax Advisory Services Inc. acquired a new stake in First Trust NASDAQ BuyWrite Income ETF in the fourth quarter valued at $263,000. Capital Investment Advisory Services LLC increased its position in shares of First Trust NASDAQ BuyWrite Income ETF by 64.3% during the fourth quarter. Capital Investment Advisory Services LLC now owns 18,584 shares of the company’s stock worth $368,000 after purchasing an additional 7,274 shares in the last quarter. Finally, Truist Financial Corp acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF during the fourth quarter worth about $435,000.

First Trust NASDAQ BuyWrite Income ETF Price Performance

Shares of FTQI traded up $0.02 during midday trading on Monday, reaching $19.65. 99,208 shares of the stock were exchanged, compared to its average volume of 130,064. The company has a market capitalization of $393 million, a price-to-earnings ratio of 29.15 and a beta of 0.52. First Trust NASDAQ BuyWrite Income ETF has a twelve month low of $18.15 and a twelve month high of $20.93. The business’s 50-day moving average price is $20.27 and its 200 day moving average price is $20.28.

First Trust NASDAQ BuyWrite Income ETF Cuts Dividend

The business also recently announced a monthly dividend, which was paid on Wednesday, July 31st. Investors of record on Tuesday, July 23rd were paid a $0.203 dividend. This represents a $2.44 dividend on an annualized basis and a yield of 12.40%. The ex-dividend date of this dividend was Tuesday, July 23rd.

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.