First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI) Reaches New 12-Month High – Time to Buy?

First Trust NASDAQ BuyWrite Income ETF (NASDAQ:FTQI)’s stock price reached a new 52-week high on Monday . The company traded as high as $22.46 and last traded at $22.46, with a volume of 150910 shares changing hands. The stock had previously closed at $22.30.

First Trust NASDAQ BuyWrite Income ETF Stock Performance

The stock has a market cap of $979.00 million, a P/E ratio of 32.31 and a beta of 0.63. The firm’s 50 day moving average is $22.04 and its 200 day moving average is $21.53.

First Trust NASDAQ BuyWrite Income ETF Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 21st were issued a dividend of $0.222 per share. This represents a c) annualized dividend and a dividend yield of 11.9%. The ex-dividend date was Friday, August 21st.

Institutional Trading of First Trust NASDAQ BuyWrite Income ETF

A number of institutional investors have recently made changes to their positions in FTQI. Integrated Wealth Concepts LLC increased its position in First Trust NASDAQ BuyWrite Income ETF by 5.2% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 683,933 shares of the company’s stock valued at $15,108,000 after buying an additional 33,575 shares in the last quarter. RFG Advisory LLC boosted its holdings in First Trust NASDAQ BuyWrite Income ETF by 20.6% in the second quarter. RFG Advisory LLC now owns 146,406 shares of the company’s stock worth $3,234,000 after acquiring an additional 24,983 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of First Trust NASDAQ BuyWrite Income ETF by 17.1% during the second quarter. NewEdge Advisors LLC now owns 68,108 shares of the company’s stock worth $1,505,000 after acquiring an additional 9,936 shares during the last quarter. Ameritas Advisory Services LLC increased its holdings in shares of First Trust NASDAQ BuyWrite Income ETF by 784.5% during the second quarter. Ameritas Advisory Services LLC now owns 221,703 shares of the company’s stock valued at $4,897,000 after acquiring an additional 196,637 shares in the last quarter. Finally, PCG Wealth Advisors LLC acquired a new position in shares of First Trust NASDAQ BuyWrite Income ETF during the second quarter valued at about $302,000.

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.