First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) to Issue $0.21 Monthly Dividend

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) announced a monthly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Shareholders of record on Thursday, March 26th will be given a dividend of 0.207 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 12.6%. The ex-dividend date of this dividend is Thursday, March 26th.

First Trust NASDAQ BuyWrite Income ETF Price Performance

Shares of NASDAQ FTQI traded down $0.60 during trading on Thursday, hitting $19.77. 159,147 shares of the company were exchanged, compared to its average volume of 267,294. First Trust NASDAQ BuyWrite Income ETF has a 1 year low of $16.25 and a 1 year high of $21.15. The company has a market cap of $743.35 million, a price-to-earnings ratio of 32.31 and a beta of 0.59. The firm’s fifty day moving average price is $20.57 and its 200 day moving average price is $20.69.

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.