SRS Capital Advisors Inc. Invests $441,000 in First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)

SRS Capital Advisors Inc. bought a new position in shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) during the 4th quarter, HoldingsChannel reports. The fund bought 21,198 shares of the company’s stock, valued at approximately $441,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Integrated Wealth Concepts LLC boosted its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 8.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 647,285 shares of the company’s stock worth $13,256,000 after purchasing an additional 52,767 shares during the last quarter. Fifth Third Securities Inc. lifted its holdings in First Trust NASDAQ BuyWrite Income ETF by 113.7% in the fourth quarter. Fifth Third Securities Inc. now owns 442,506 shares of the company’s stock valued at $9,213,000 after acquiring an additional 235,437 shares during the last quarter. Ameritas Advisory Services LLC lifted its holdings in First Trust NASDAQ BuyWrite Income ETF by 14.1% in the fourth quarter. Ameritas Advisory Services LLC now owns 290,074 shares of the company’s stock valued at $6,039,000 after acquiring an additional 35,755 shares during the last quarter. Private Advisor Group LLC lifted its holdings in First Trust NASDAQ BuyWrite Income ETF by 7.6% in the fourth quarter. Private Advisor Group LLC now owns 114,020 shares of the company’s stock valued at $2,374,000 after acquiring an additional 8,065 shares during the last quarter. Finally, Stifel Financial Corp lifted its holdings in First Trust NASDAQ BuyWrite Income ETF by 89.6% in the third quarter. Stifel Financial Corp now owns 79,969 shares of the company’s stock valued at $1,638,000 after acquiring an additional 37,786 shares during the last quarter.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

FTQI opened at $19.91 on Tuesday. First Trust NASDAQ BuyWrite Income ETF has a one year low of $18.23 and a one year high of $21.49. The stock has a market capitalization of $589.34 million, a PE ratio of 29.52 and a beta of 0.53. The business’s 50 day moving average price is $20.97 and its 200 day moving average price is $20.74.

First Trust NASDAQ BuyWrite Income ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 21st were issued a $0.207 dividend. The ex-dividend date was Friday, February 21st. This is a boost from First Trust NASDAQ BuyWrite Income ETF’s previous monthly dividend of $0.20. This represents a $2.48 dividend on an annualized basis and a yield of 12.48%.

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.