Spartan Wealth Advisory Services LLC Makes New Investment in First Trust NASDAQ BuyWrite Income ETF $FTQI

Spartan Wealth Advisory Services LLC acquired a new stake in shares of First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) in the first quarter, Holdings Channel.com reports. The firm acquired 513,768 shares of the company’s stock, valued at approximately $10,234,000. First Trust NASDAQ BuyWrite Income ETF makes up about 0.9% of Spartan Wealth Advisory Services LLC’s portfolio, making the stock its 26th largest position.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Trueblood Wealth Management LLC grew its holdings in First Trust NASDAQ BuyWrite Income ETF by 194.3% during the fourth quarter. Trueblood Wealth Management LLC now owns 42,652 shares of the company’s stock worth $888,000 after acquiring an additional 28,158 shares during the period. Sigma Planning Corp lifted its holdings in First Trust NASDAQ BuyWrite Income ETF by 128.2% in the fourth quarter. Sigma Planning Corp now owns 58,097 shares of the company’s stock valued at $1,209,000 after acquiring an additional 32,637 shares during the period. TrueMark Investments LLC acquired a new position in First Trust NASDAQ BuyWrite Income ETF in the fourth quarter valued at approximately $1,188,000. Brookstone Capital Management acquired a new position in First Trust NASDAQ BuyWrite Income ETF in the fourth quarter valued at approximately $593,000. Finally, Janney Montgomery Scott LLC boosted its position in First Trust NASDAQ BuyWrite Income ETF by 38.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 199,613 shares of the company’s stock worth $3,976,000 after purchasing an additional 55,891 shares in the last quarter.

First Trust NASDAQ BuyWrite Income ETF Price Performance

Shares of NASDAQ FTQI opened at $22.07 on Friday. The stock has a market capitalization of $928.04 million, a price-to-earnings ratio of 32.31 and a beta of 0.63. First Trust NASDAQ BuyWrite Income ETF has a 12 month low of $19.23 and a 12 month high of $22.37. The firm’s 50 day simple moving average is $21.89 and its 200-day simple moving average is $21.10.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.199 per share. The ex-dividend date of this dividend was Thursday, June 25th.

First Trust NASDAQ BuyWrite Income ETF 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.