First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Sees Unusually-High Trading Volume – Here’s Why

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) saw strong trading volume on Monday . 979,620 shares traded hands during trading, an increase of 243% from the previous session’s volume of 285,486 shares.The stock last traded at $20.2130 and had previously closed at $20.43.

First Trust NASDAQ BuyWrite Income ETF Price Performance

The firm has a market capitalization of $760.65 million, a PE ratio of 32.31 and a beta of 0.59. The business has a 50-day simple moving average of $20.81 and a 200-day simple moving average of $20.67.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.207 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%.

Institutional Trading of First Trust NASDAQ BuyWrite Income ETF

A number of large investors have recently made changes to their positions in the stock. Ankerstar Wealth LLC bought a new position in First Trust NASDAQ BuyWrite Income ETF in the fourth quarter worth approximately $33,000. Sound Income Strategies LLC lifted its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 971.5% in the 4th quarter. Sound Income Strategies LLC now owns 2,143 shares of the company’s stock worth $45,000 after buying an additional 1,943 shares during the period. Advisory Services Network LLC purchased a new stake in shares of First Trust NASDAQ BuyWrite Income ETF in the 3rd quarter worth $143,000. Sunbelt Securities Inc. grew its position in shares of First Trust NASDAQ BuyWrite Income ETF by 275.6% during the 3rd quarter. Sunbelt Securities Inc. now owns 7,512 shares of the company’s stock worth $155,000 after buying an additional 5,512 shares in the last quarter. Finally, Geneos Wealth Management Inc. bought a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the 4th quarter worth $181,000.

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.